Woofun AI reports that Hive shares climbed 10% following the disclosure of a $220 million agreement tied to Canada’s sovereign AI infrastructure initiative. The contract underscores growing institutional demand for localized AI compute capacity, positioning Hive as a key beneficiary of national digital strategy investments.

This development signals broader momentum in sovereign AI projects, where governments prioritize domestic infrastructure to secure data sovereignty and technological independence. The valuation uplift reflects market confidence in Hive’s ability to execute large-scale infrastructure mandates.