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HIVE signs $350M GPU cloud deal for 5 years, boosting BUZZ HPC's AI infrastructure and revenue.

Market News
17 Aug 2026
Newsfile Corp
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Bullish
HIVE signs $350M GPU cloud deal for 5 years, boosting BUZZ HPC's AI infrastructure and revenue.

HIVE Digital Technologies, through its subsidiary BUZZ High Performance Computing, signed a $350 million five-year GPU cloud services contract with an investment-grade customer. This deal adds about $70 million in annual revenue, raising BUZZ HPC's total annualized revenue to $180 million by Q4 2026. The contract involves deploying a dedicated AI cluster with 2,016 NVIDIA GPUs at a renewable energy-powered facility in British Columbia, supporting advanced AI workloads. The agreement strengthens HIVE's position in sustainable AI infrastructure and provides long-term revenue visibility with attractive returns on investment.

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Chinese biopharma stocks rise as US may ease drug licensing restrictions with China

Chinese biopharma stocks rise as US may ease drug licensing restrictions with China

Chinese biopharma stocks surged in Hong Kong after reports that the US Treasury is drafting rules to allow American pharmaceutical companies to continue licensing most drugs from Chinese firms, excluding sensitive biotech related to pathogens. This p...

Market News
Bullish
4 hours ago
Sabre leads travel tech with live AI-powered booking and servicing, outpacing competitors.

Sabre leads travel tech with live AI-powered booking and servicing, outpacing competitors.

Sabre has already implemented agentic AI in travel booking and servicing through its MCP server, launched in 2025, enabling real-time AI-driven travel sales and support. With nearly 80 customers including Virgin Australia and Flight Centre, Sabre's t...

Market News
Bullish
4 hours ago
60% of workers fear AI is eroding skills, with critical thinking most affected, says IBM study

60% of workers fear AI is eroding skills, with critical thinking most affected, says IBM study

A global IBM study reveals 60% of employees worry AI is diminishing their skills, especially critical thinking. While CHROs emphasize the need for judgment in AI oversight, employees rank it lower, highlighting a skills perception gap. Nearly half of...

Market News
Neutral
4 hours ago
Bitcoin climbs to $80K on strong buyer support despite weaker Korean demand and rising profit-taking risks.

Bitcoin climbs to $80K on strong buyer support despite weaker Korean demand and rising profit-taking risks.

Bitcoin's price has risen to $80,402, marking a steady upward trend supported by buyers who have consistently raised the market floor since June. This growth has increased the percentage of Bitcoin supply in profit from 45% to 71%, signaling more hol...

Market News
Neutral
4 hours ago
Bitcoin closes above 50-week average for first time in 45 weeks, signaling potential end of bear market.

Bitcoin closes above 50-week average for first time in 45 weeks, signaling potential end of bear market.

Bitcoin recently closed above its 50-week moving average for the first time in 45 weeks, a key technical indicator suggesting the bear market may be over. The cryptocurrency rose nearly 6% in the week, trading around $81,450, and has gained 29% over ...

Technical Signals
Bullish
4 hours ago
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