HIVE Digital Technologies has secured a five-year GPU cloud services contract worth about $350 million with an investment-grade enterprise customer, expanding its AI infrastructure business through its subsidiary BUZZ High Performance Computing. The deal will generate around $70 million in annual revenue and involves deploying a dedicated AI cluster with 2,016 NVIDIA Blackwell Ultra GPUs at the Bell AI Fabric facility in British Columbia, expected to be operational by year-end. This expansion supports HIVE's goal to reach $200 million in annualized revenue for its GPU cloud business and leverages renewable hydroelectric power and advanced cooling technology. The company will retain ownership of the infrastructure and expects capital expenditures of approximately $185 million for the deployment.
CrowdStrike, a leading cybersecurity firm, has seen its stock price increase by 85% year-to-date, reaching a market cap over $220 billion. Investment firm Cowen & Co. reiterated a "Buy" rating and raised the price target to $235, citing strong financ...
Apple Inc., valued at $4.49 trillion, is seeing growing investor confidence with a new analyst price target of $400, suggesting a 30.75% upside from its current price of $305.93. Institutional investors like First Nebraska Trust Co. and others are in...
Apple's stock, currently priced at $305.93, appears overvalued despite strong recent earnings driven partly by temporary factors like tariff refunds. The company reported its ninth consecutive earnings beat with significant growth in iPhone, Mac, and...
VivoPower PLC announced plans to spin off its non-Nordic AI data center assets into a new independently capitalized company headquartered in Singapore. This new entity will focus on data center assets in the UAE, Oman, Saudi Arabia, Malaysia, and the...
Strategy raised $333.7 million by selling shares last week but did not buy or sell any bitcoin, marking the eighth consecutive week without bitcoin transactions. The funds raised were used entirely for preferred dividends, preferred stock buybacks, a...
