HIVE Digital’s Stock Jumps 14% On News Of Nvidia Deal
HIVE Digital’s shares rose about 14% after it signed a five-year AI cloud computing contract with Nvidia, reported to be worth $350 million. HIVE expects about $70 million in annual revenue, lifting ARR to roughly $180 million, and plans to deploy 2,016 Nvidia Blackwell Ultra GPUs at its Merritt, B.C. facility. The buildout requires about $185 million in capex.
How this was made
The 30-second read
Why it matters
The contract provides a concrete revenue bridge (expected $70 million annual revenue, ARR target progress) and a deployment plan (2,016 Blackwell Ultra GPUs, Q4 operational).
Market read
Traders can reassess HIVE’s AI data center growth trajectory based on the deal size, expected annual revenue contribution, and GPU deployment schedule.
What to watch
The article cites $185 million capex for HIVE and financing plans, but does not detail funding terms, timeline risks, or customer concentration beyond this single contract.
Background
HIVE Digital is described as a Bitcoin miner turned AI and HPC data center operator, now adding a major Nvidia GPU cloud services agreement.
Ticker impact
HIVE Digital shares jump 14% after signing a five-year AI cloud computing contract with Nvidia worth $350 million.
Likely continued momentum while traders price in the $70 million annual revenue contribution and GPU deployment ramp.
The article provides deal size ($350 million), expected annual revenue ($70 million), GPU count (2,016 Blackwell Ultra GPUs), and timing (facility operational in Q4).
Nvidia is named as the chipmaker entering a five-year $350 million AI cloud computing contract with HIVE Digital.
Limited direct price impact expected from this single contract alone, unless traders treat it as a meaningful AI infrastructure win.
The article confirms Nvidia is the counterparty and the deal value, but it does not state Nvidia revenue share, margins, or broader guidance changes.
Market effects
Reinforces demand signals for AI data center buildouts and GPU cloud deployments, potentially supporting sentiment across AI infrastructure names.
Highlights Canadian data center expansion in British Columbia, which may attract local infrastructure and power-related attention.
Adds another large AI GPU cloud deployment contract, supporting the broader narrative of sustained enterprise AI capex.
Counterpoint
The deal’s revenue ramp depends on capex execution and facility readiness; near-term stock strength may over-discount execution risk.
Key entities
- companyHIVE Digital
AI and HPC data center operator whose stock rises 14% on a new Nvidia AI cloud contract.
- companyNvidia
Chipmaker providing GPUs and entering a five-year AI cloud computing contract with HIVE.
