HIVE STOCK SURGES ON $220M GPU CLOUD DEAL

Hive Digital Technologies stock climbed in pre-market trading Thursday following the announcement of a strategic partnership combining GPU cloud services with Bell Canada and Cohere. The three-year contract, valued at $220 million, represents a major pivot for the company, which historically focused on bitcoin mining operations. The arrangement positions Hive as a provider of computational infrastructure for AI and cloud computing applications. The deal with Bell Canada and Cohere provides Hive with a substantial, long-term revenue commitment while diversifying away from cryptocurrency-related activities. This shift aligns with broader industry trends as companies seek stable, recurring revenue from enterprise cloud services. The market's positive response—reflected in the stock surge—suggests investor confidence in Hive's transition strategy and the viability of GPU cloud services as a growth avenue. The contract demonstrates demand for GPU infrastructure as artificial intelligence applications accelerate across industries.