Episode
HIVE Secures $220M AI Deal with Bell Canada
- Published
- Jun 18, 2026
- Duration seconds
- 125
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Summary
HIVE Digital Technologies just secured a $220 million AI infrastructure deal with Bell Canada and Cohere, marking their biggest contract ever and a major pivot from crypto mining to sovereign AI. The three-year agreement, powered by top-tier NVIDIA chips, will run Canadian AI on Canadian soil — aligning with the government’s $10B+ AI compute push. Cohere, valued at $20B after a major merger, will use the infrastructure for its Canadian clients. For HIVE, this shift offers stable, long-term revenue — projected at $70M annually — adding to their existing $35M GPU revenue, aiming for $100M+ in HPC revenue. They’re also building a massive Toronto AI data center with 100,000 GPUs, targeting $360M annual recurring revenue, with a goal of $660M in HPC revenue by 2028. Support the show: Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN: [email protected] This is an automated, high-level news summary based on public reporting. Report issues to [email protected]. View sources & latest updates: https://sources.thednn.ai/eee79b98a2477cdc