Hive Signs $350 Million AI Contract, Needs $185 Million for Infrastructure
Hive Digital Technologies has signed a $350 million AI cloud contract, but it needs to secure $185 million in infrastructure costs to convert this into revenue. Hive announced that its subsidiary BUZZ HPC has entered into a five-year GPU cloud service contract with investment-grade corporate clients. The total contract amount is $350 million, and annual revenue is expected to increase by approximately $70 million. BUZZ HPC's total annual revenue is projected to be around $180 million, but current operating revenue is only about $35 million. The remaining revenue will be reflected once the equipment goes online by the fourth quarter of 2026. The infrastructure cost is approximately $185 million, and the plan is to combine customer advance payments, 0% convertible bond funds, and additional equipment financing. Hive is expanding its AI revenue sources, showcasing the transition of Bitcoin mining companies to AI infrastructure. Following the contract signing, Hive's stock price rose by 8%, but uncertainty remains until it is converted into actual revenue.
-- Price
This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.
You may also like

Remixpoint Sells $5.54 Million in Altcoins to Hold Bitcoin

Stablecoin Supply Ratio Indicator Rises to 3.74, Approaching 2024 High

BlackRock Purchases $1.16 Billion in Ethereum in 15 Days

Bitcoin: Buy High and Sell Low, Strategy Justifies and Explains Its Choices

Dollar hedge ratios at 11-year low, Bitcoin may be affected

New Fire Group's AUM Surpasses $200 Million in August, Trading Volume Hits Monthly Record

Standard Chartered brings institutional Bitcoin, Ether trading to UAE

Bitcoin Cycle May Shift from 4 Years to 6 to 8 Years

Virtune Chainlink ETP Launched on Warsaw Stock Exchange

10 Trillion Euros in Dormant Savings: What the EU Wants to Do with Your Money

Bessent names digital assets among possible targets in Iran sanctions push

Binance Sees $1 Billion Net Inflow of Stablecoins in August, $5.1 Billion Net Outflow Year-to-Date

Bonanza Lab Registers Patent for Digital Asset Index Calculation Technology

Cornell University Survey: 90% Awareness of Bitcoin but Only 13% Understanding; Japan Reports Highest 'Difficult to Understand' Responses Among 25 Countries

Scaramucci Predicts Bitcoin Price Rebound in October Amid Trump Regulatory Concerns

Strategy Holds 845,050 Bitcoin, Nearly Highest Reserve Capital in S&P 500

Zcash Share Increases to 24.2%, Bitcoin Decreases to 30.5%

Bitcoin Could Reach $250,000 to $840,000 Within Five Years, River's Fund Flow Model Estimates

What the Russell 2000 Indicates to Cryptocurrency Traders

Jobs, Warsh, and the FedWatch Reversal: What Comes Next for Bitcoin?
Kevin Warsh’s hawkish Jackson Hole speech has flipped the market’s September Fed expectations from “hold” toward a possible rate hike. With the August jobs report, CPI, and the FOMC decision arriving in quick succession, Bitcoin is entering a two-week macro stress test.

No Need to Switch Platforms or Move Funds: BiFu Allows Crypto Traders to Trade Gold and Forex Directly

Possibility of Year-End Rally if Bitcoin Reaches $80,000

Bitcoin's September Trends Likely to be Influenced by Interest Rates, Inflation, and Regulations

Société Générale Raises Fed Rate Hike Outlook to Three Times

Analysis of Exchange Rate Impact from Increased Participation of Corporations and Foreigners in the Cryptocurrency Market

Eric Crown Predicts End of Bitcoin Bear Market and $100,000 Year-End Outlook

Bitwise: Bitcoin Decouples from US Stocks, Officially Enters Digital Gold Pricing Cycle

Arthur Hayes: Bullish on Bitcoin, Fed Needs to Accelerate Money Printing to Restart Bull Market

Arthur Hayes: ETH Expected to Rise to $10,000 This Year, Fed's Balance Sheet Expansion Will Inject Liquidity into Crypto Market






