Data compiled by Woofun AI shows that BUZZ High Performance Computing, a subsidiary of Bitcoin mining firm HIVE, has executed a three-year sovereign AI cloud infrastructure agreement valued at approximately $220 million with Bell AI Fabric and Cohere. The contract mandates the deployment of a cluster comprising 2,304 Nvidia Grace Blackwell GPUs at Bell’s facility in Merritt, British Columbia. Capital for these Blackwell systems was sourced from the $115 million convertible note financing finalized in April.

The infrastructure is scheduled to become operational between late 2026 and early 2027, with projections indicating an additional $70 million in annual recurring revenue atop the current $35 million baseline.

Concurrently, HIVE obtained approval to acquire a 32-megawatt data center in Big Boden, Sweden, intending to retrofit the site for enterprise-grade AI workloads.