HIVE’s BUZZ Unit Secures $30 Million AI Cloud Deals to Boost HPC Revenue
President's Day Sale - 70% Off
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
The latest update is out from HIVE Digital Technologies ( (TSE:HIVE) ).
On February 13, 2026, HIVE Digital Technologies’ BUZZ High Performance Computing platform announced it has signed customer agreements worth about $30 million in total contract value over two years, marking a major step in its AI cloud expansion. The contracts support the first phase of an AI-optimized GPU deployment at BUZZ’s Canada West Tier-III data center in Manitoba, where 504 liquid-cooled Dell server-based GPUs are expected to come online by the quarter ending March 31, 2026.
Management projects that once this initial phase is fully operational, BUZZ’s cloud business will generate roughly $15 million in annual recurring revenue, helping lift HIVE’s overall high-performance computing segment revenue from around $20 million to approximately $35 million a year. The initiative underscores HIVE’s strategy to leverage vendor financing and Tier-III partnerships to scale AI infrastructure with lower upfront capital, reinforces its positioning as a dual-engine operator in both crypto hashrate and AI compute, and responds to growing demand for sovereign and global AI capacity based in Canada.
The most recent analyst rating on (TSE:HIVE) stock is a Hold with a C$3.00 price target. To see the full list of analyst forecasts on HIVE Digital Technologies stock, see the TSE:HIVE Stock Forecast page.
Spark’s Take on TSE:HIVE Stock
According to Spark, TipRanks’ AI Analyst, TSE:HIVE is a Neutral.
The score is driven primarily by solid top-line growth and a low-leverage balance sheet, but it is held back by weak profitability and negative free cash flow. Technical indicators also point to a sustained downtrend, and valuation is constrained by losses (negative P/E).
To see Spark’s full report on TSE:HIVE stock, click here.
More about HIVE Digital Technologies
HIVE Digital Technologies is a Canadian-based operator of next-generation Tier-I and Tier-III data centers across Canada, Sweden, and Paraguay, focused on Bitcoin mining and high-performance computing services powered by green energy. Through its BUZZ High Performance Computing platform, the company targets AI and GPU-accelerated cloud workloads, positioning itself as a dual-engine provider of hashrate services and AI cloud infrastructure for the digital economy.
Founded in 2017, HIVE was the first publicly listed digital asset miner using renewable energy and has since diversified into GPU-based AI and HPC services. Its strategy emphasizes vertically integrated infrastructure, including owned facilities and selective Tier-III conversions and colocation partnerships, to support both sovereign and international compute demand.
Average Trading Volume: 1,776,072
Technical Sentiment Signal: Strong Sell
Current Market Cap: C$721M
See more insights into HIVE stock on TipRanks’ Stock Analysis page.
