HIVE shares rose 10% after the company announced a $220 million, three-year GPU cloud contract with Bell Canada and Cohere that it expects to generate about $70 million in annual recurring revenue.
According to NS3.AI, HIVE said the deployment will support Canadian government and corporate clients using AI services.
The company did not provide additional financial details beyond the contract value, term length, and its annual recurring revenue estimate.
AI TRENDS | HIVE Shares Jump 10% After $220 Million, Three-Year GPU Cloud Deal
2026-06-18 11:55:24
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