HIVE Digital Technologies, through its subsidiary BUZZ HPC, is converting Bitcoin mining infrastructure into AI cloud services using NVIDIA GPUs to support Canadian researchers, hospitals, and startups. The company secured two major contracts worth approximately $570 million, including a $220 million deal with Bell AI Fabric for Cohere Inc. and a $350 million unnamed enterprise agreement. This shift addresses growing demand for GPU computing while complying with Canadian data residency rules. HIVE also plans a $3.5 billion AI gigafactory near Toronto, expected to open in late 2027, aiming to boost annual recurring revenue to $180 million by September 2026.
HIVE Digital's stock price on Pluang is Rp1.028 as of Oct 05, 2026 20:43 WIB, showing a 1.90% increase in the last day. Despite this positive move, the market cap remains modest at Rp606.83 million with a low 24-hour trading volume of Rp13.22 million. Notably, all Pluang order activity is currently sell orders, and the typical holding period is 43 days, highlighting cautious investor behavior amid the company's strategic pivot to AI infrastructure.
