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HIVE signs $220M AI infrastructure deal with Bell and Cohere, adding $70M annual recurring revenue

HIVE Digital Technologies lands a $220M AI infrastructure deal with Bell and Cohere, poised to add $70M in annual recurring revenue, accelerating its transformation from Bitcoin miner to HPC/AI cloud provider.

📅 June 18, 2026 🕐 1 min read

1 assets impacted (Stocks). Net bias: 1 Bullish, 0 Bearish, 0 Neutral. Strongest signal: HIVE ↑ 9/10 (90% confidence).

📊 Affected Assets (1)

HIVE

Bullish 🤖 90%

📆 Mid-term 🌍 CA · Explicit

HIVE disclosed a $220M AI infrastructure contract with Bell Canada and Cohere, expected to contribute $70M in annual recurring revenue, signaling a successful pivot to HPC/AI services and reducing reliance on volatile mining income.

Catalysts

▲ $220M AI contract with Bell and Cohere
▲ Expected $70M annual recurring revenue addition

Risk Factors

▼ Execution risk in deploying AI hardware on schedule
▼ Potential competition from larger cloud providers eroding contract profitability

▼ Show FAQ (3) ▲ Hide FAQ

How does this contract change HIVE’s revenue mix?

It shifts HIVE away from purely Bitcoin mining revenue toward stable, recurring AI cloud revenue, with $70M per year now locked in, which could exceed current mining income and re-rate the stock higher.

What is the timeline for HIVE to realize the $70M annual revenue?

The revenue will phase in as AI hardware is deployed under the contract; management expects full annualized contribution once the infrastructure build-out is complete, likely over the next few quarters.

Will HIVE continue Bitcoin mining?

Yes, HIVE retains its Bitcoin mining operations, but this contract indicates a strategic focus on higher-margin HPC and AI services, which may gradually become the dominant revenue driver.

🎯 Key Takeaways

HIVE Digital Technologies signed a $220 million AI infrastructure contract with Bell Canada and AI startup Cohere, expanding its high-performance computing (HPC) business.
The deal is expected to generate $70 million in annual recurring revenue, significantly boosting HIVE's top-line growth and earnings predictability.
The contract validates HIVE’s pivot from Bitcoin mining to AI and cloud computing, diversifying its revenue streams away from crypto volatility.
Recurring revenue from AI clients provides higher valuation multiples compared to mining operations, potentially leading to a re-rating of HIVE's stock.
HIVE's existing data center infrastructure and energy assets give it a competitive advantage in securing hyperscaler and enterprise AI contracts.
The partnership with Bell Canada, a major telecom, positions HIVE as a key player in Canada's growing AI ecosystem.
Investors should monitor execution risks, including the pace of hardware deployment and contract fulfillment timelines.

📝 Executive Summary

The deal is expected to add approximately $70 million in annual recurring revenue as the company scales its AI-focused operations.

❓ FAQ

What does the HIVE–Bell–Cohere contract entail?

HIVE Digital Technologies will provide GPU-powered AI infrastructure services to Bell Canada and Cohere, with a contract valued at $220 million, expected to add $70 million in annual recurring revenue.

Why is this deal significant for HIVE?

It marks a major step in HIVE’s transformation from a pure Bitcoin miner to a diversified HPC and AI cloud provider, reducing its dependence on cryptocurrency mining economics and creating a stable, high-margin revenue stream.

How does the Bell-Canada partnership benefit HIVE?

Bell Canada’s enterprise reach and Cohere’s AI expertise provide HIVE with a large-scale, long-term customer base, while the recurring revenue structure improves financial predictability and may attract institutional investors.

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