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HIVE signs $350M GPU cloud deal for 5 years, boosting BUZZ HPC's annual revenue to $180M.

Market News
17 Aug 2026
Newsfile Corp
View Source
Bullish
pluang ai news

HIVE Digital Technologies, through its subsidiary BUZZ High Performance Computing, secured a $350 million five-year GPU cloud services contract with an investment-grade customer. This deal adds $70 million in annual recurring revenue, raising BUZZ HPC's total to $180 million, and involves deploying 2,016 NVIDIA GPUs in a sustainable, hydro-powered facility in British Columbia. The contract supports HIVE's strategy to expand its AI cloud platform with long-term revenue visibility and sustainable infrastructure. Deployment is expected by Q4 2026, with significant cash flow and strategic asset ownership anticipated.

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Spot Bitcoin ETFs face $390M outflows, wiping out August gains and signaling tactical trading.

Spot Bitcoin ETFs face $390M outflows, wiping out August gains and signaling tactical trading.

Spot Bitcoin ETFs experienced their largest outflows since June, with about $390 million redeemed between August 10-14, erasing early August inflows of over $750 million. Major funds like BlackRock's iShares Bitcoin Trust led the outflows, reflecting...

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4 hours ago
Bitcoin futures risk liquidity crunch as few traders hold most positions on CME market

Bitcoin futures risk liquidity crunch as few traders hold most positions on CME market

A small group of large traders dominate the open interest in CME Bitcoin futures, creating a risk that if they all exit simultaneously, liquidity could dry up quickly. Open interest has fluctuated significantly in 2026, reflecting real capital moveme...

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SAGA Metals reports strong drill results with high iron, titanium, and vanadium grades at Labrador project

SAGA Metals reports strong drill results with high iron, titanium, and vanadium grades at Labrador project

SAGA Metals Corp. announced new assay results from its 2026 drilling program at the Radar Titanium-Vanadium-Iron Project in Labrador, Canada. The latest drill holes showed consistent, broad intercepts of oxide mineralization with high grades of iron ...

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Bullish
4 hours ago
Bitcoin futures market shows risky liquidity gap, raising chances of sharp price swings.

Bitcoin futures market shows risky liquidity gap, raising chances of sharp price swings.

Bitcoin's futures market currently has $48 billion in open interest but only $25 billion in daily trading volume, creating a liquidity mismatch. This means many traders hold large positions but fewer contracts are actively traded, narrowing the marke...

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Bearish
4 hours ago
XRP Ledger adds opt-in privacy for token balances and transfers, boosting institutional appeal.

XRP Ledger adds opt-in privacy for token balances and transfers, boosting institutional appeal.

The XRP Ledger released version 3.3.0 featuring Confidential MPT, a privacy amendment that encrypts token balances and transfer amounts while keeping sender and receiver accounts visible. This opt-in feature targets institutional users by addressing ...

Protocol Fundamentals
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