HIVE Secures $350M AI Cloud Deal to Boost Revenue
Bitcoin miner HIVE's BUZZ HPC unit locked in a five-year GPU computing contract worth $350 million.
Advertising disclosure: we may earn a commission when you join an operator via links on this page, at no cost to you. This never dictates our ratings. How we make money
Key takeaways
- BUZZ HPC signed a five-year, $350 million GPU cloud agreement.
- The contract adds $70 million in annualized recurring revenue.
- This is HIVE's second major NVIDIA cluster deal in two months.
Bitcoin miner HIVE isn't sitting on its hands. Through its BUZZ HPC unit, the team just scored a massive $350 million GPU cloud contract.
The five-year agreement adds $70 million in annualized recurring revenue to HIVE's books. Amazingly, that's their second major NVIDIA cluster deal in barely two months. They're clearly moving fast.
Pivoting to Compute
Mining Bitcoin demands heavy hardware and massive power setups. But block rewards swing all over the place, and halving cycles crush thin margins. Renting out high-performance GPU clusters for AI processing gives miners something crypto rarely offers: steady, dependable cash.
Why it matters
The line separating crypto miners from AI infrastructure operators is fading quick. For HIVE, that $70 million in predictable yearly cash takes the sting out of wild crypto price swings. For investors, it shows these massive mining facilities hold tangible value well beyond hashing out new blocks.
Source: The Block
Top Crypto Casinos Right Now
🇳🇱 Showing sites that accept players from Netherlands Change country
Advertising disclosure: we may earn a commission when you join an operator via links on this page, at no cost to you. This never dictates our ratings. How we make money
More info Less info
Why we chose it: A US-facing book that pays a premium for crypto deposits: 125% against 100% for cash, with fee-free deposits across five coins.
- KYC
- Required
Restricted countries: Australia, Afghanistan, Bulgaria, Central African Republic, Congo - Brazzaville, Eritrea, France, Guinea-Bissau and 16 more.
More info Less info
Why we chose it: BetNow's casino floor with the biggest match bonus we list. The 200% headline deserves a careful read of the code terms behind it.
- KYC
- Required
Restricted countries: Australia, Afghanistan, Bulgaria, Central African Republic, Congo - Brazzaville, Eritrea, France, Guinea-Bissau and 16 more.
More info Less info
Why we chose it: A US-oriented casino that turns away only New Jersey. The cashier takes crypto, but the site publishes fewer specifics than any operator we list.
- KYC
- Required
Restricted countries: New Jersey (US).
Priya Nair
Priya covers the AI side of crypto — agent tokens, decentralised compute and where the two industries actually meet.
