6-K - HIVE Digital Technologies Ltd. | StockGist

AI Analysis

AI-generated analysis. Always verify with the original filing.

HIVE Digital Technologies Ltd. announced that its BUZZ HPC platform signed customer agreements for approximately $30 million in AI cloud contracts over two years, supporting deployment of 504 GPUs in Manitoba expected online by March 31, 2026, with management expecting $15 million ARR from this phase and HPC segment growth from $20 million to $35 million annually.

Key Takeaways

1BUZZ signed $30 million total contract value over two-year fixed terms, subject to performance obligations and milestones

2Initial phase: 504 liquid-cooled Dell GPUs at Canada West, Manitoba, online Q1 2026

3Expected $15 million ARR from initial phase once fully operational

4HPC segment annualized revenue expected to grow from $20 million current to $35 million

5Vision to scale HPC GPU AI cloud to $140 million ARR over next year

6Target 2,000 AI-optimized GPUs at Canada West this year

Current Report Details

Event Type

Securities Issuance

Disclosure

Voluntary

Variant

6-K

Items Reported

6-K

Current Report on Form 6-K

Securities Issuance

Forward Guidance

Initial Phase

Annual Recurring Revenue

$15.00

HPC Segment Annualized Revenue

$35.00

Transaction Details

Material Agreement

Parties: BUZZ High Performance Computing, Customers

•$30 million total contract value over two-year fixed terms
•Subject to performance obligations and deployment milestones
•Underpins 504 GPU deployment at Canada West, Manitoba

Exhibits (3)

6-K

FORM 6-K

99.1

EXHIBIT 99.1

99.2

EXHIBIT 99.2