HIVE Digital’s Stock Jumps 14% On News Of Nvidia Deal
Yahoo Finance ·
The stock of Canada’s HIVE Digital (NASDAQ: $HIVE ) is up 14% on news that the company has signed an artificial intelligence (A.I.) cloud computing contract with chipmaker Nvidia (NASDAQ: $NVDA ). The deal with Nvidia is reportedly worth $350 million U.S. to HIVE Digital over five years. It is the largest A.I. cloud computing contract yet for HIVE. The graphics processing unit (GPU) cloud services agreement with Nvidia also brings HIVE Digital closer to its goal of achieving $200 million U.S. in annual recurring revenue (ARR). MEXC's August 2026 Proof of Reserves Confirms User Assets Fully Backed as Reserve Ratios Remain Above 100% Canadian Defense Tech Firm Jumps 92% as Government Revenue Boosts Margins Hyperliquid Turns to CFTC for Path Into U.S. Perpetual Futures Market Polymarket Hires Former Uber Executive To Lead Growth Initiative MEXC July TradFi Trading Shifts Toward AI Storage as SNDK Futures Volume Surges More Than 15x Times The deal is expected to add $70 million U.S. in annual revenue to HIVE Digital, putting the A.I. data centre operator’s ARR at about $180 million U.S. Under terms of the five-year deal, HIVE Digital will deploy 2,016 Nvidia Blackwell Ultra GPUs at its data centre facility in Merritt, British Columbia. HIVE said the project will require approximately $185 million U.S. in capital spending on its part, with plans to use a combination of financing sources to fund the needed buildout. Once the British Columbia facility is fully operational in the fourth quarter of this year, HIVE Digital expects the GPU cloud business to generate $500,000 U.S. per day in revenue. HIVE Digital is a Bitcoin miner turned A.I. and high-performance computing (HPC) data centre operator. However, the company still maintains a foothold in Bitcoin mining. Management at HIVE reported that the company held $11 million U.S. of Bitcoin on its balance sheet at the end of the year’s second quarter. That Bitcoin balance is small compared with HIVE Digital's $208 million U.S. of cash and its rapidly growing data centre operations. Prior to today (Aug. 17), HIVE stock had gained 13% over the last 12 months to trade at $2.69 U.S. per share in New York.
AI 시장 분석
Canada's HIVE Digital saw its shares surge 14% after signing a 5-year, $350 million AI cloud computing contract with NVIDIA. Through this deal, HIVE will deploy 2,016 NVIDIA Blackwell Ultra GPUs, securing an additional $70 million in annual revenue. Investors should focus on HIVE's growth potential as it successfully transitions from a traditional Bitcoin miner to an AI data center operator.
상승 영향
- AI — HIVE Digital signed a $350 million AI cloud contract with NVIDIA, expecting an additional $70 million in annual revenue.
DYAX 전담 분석
HIVE Digital has demonstrated tangible growth in the AI cloud sector by securing $350 million in revenue over 5 years through a massive contract with NVIDIA. This has caused its Annual Recurring Revenue (ARR) to surge to around $180 million, acting as a direct positive catalyst for profitability.
The full operation of the British Columbia data center in the upcoming fourth quarter and its ability to generate $500,000 in daily revenue will be key indicators determining the direction of the stock price. The execution process of $185 million in capital expenditures for financing and the stability of NVIDIA GPU supply are key monitoring points.
AI가 생성한 분석으로 투자 자문이 아닙니다.
DYAX Investor Sentiment
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