HIVE, a Canada-based cryptocurrency miner, is reported to have signed a three-year GPU cloud contract worth $220 million with Bell Canada and Cohere. Multiple outlets say the agreement is intended to support “sovereign” AI infrastructure in Canada. CoinDesk and other coverage link the news to a shift in HIVE’s business mix, highlighting growth in high-performance AI computing alongside its bitcoin mining operations.\n\nThe Block reports HIVE expects about $70 million in annual revenue from the deal. It also states the contract calls for deploying 2,304 NVIDIA Blackwell GPUs across Canada, with deployment expected by early 2027. Decrypt and Yahoo Finance similarly describe the arrangement as an AI infrastructure push involving Bell and Cohere, though details such as GPU counts and timing vary by outlet.\n\nCoinDesk notes that HIVE shares rise following the announcement, reflecting investor reaction to the scale of the contract and its potential impact on future revenue. The combined reporting describes the contract as a substantial step in building AI computing capacity “actually owned” or controlled within Canada, as framed by the sources.