HIVE Digital Secures Big AI Cloud Deal

HIVE Digital has signed a five year deal worth 350 million dollars for its cloud computing division, BUZZ HPC. This agreement adds 70 million dollars in annual revenue for the company. This marks the second time in just two months that HIVE has secured a major contract involving NVIDIA clusters.

This move shows a shift for many crypto miners who are now selling computing power to AI companies. By using their data centers for cloud services, miners like HIVE are finding new ways to make money that do not depend entirely on the price of Bitcoin.

Traders are watching to see if this trend helps miners stabilize their income during market swings. Investors should monitor how much HIVE spends on equipment to keep up with the demand for AI processing versus the income these cloud contracts generate.