HIVE’s CA$30 Million AI Contracts Test Shift Beyond Crypto Mining

• HIVE Digital Technologies’ BUZZ high-performance computing division has secured about CA$30 million in long-term AI cloud customer contracts.
• These multi-year agreements support the rollout of a large GPU cluster at HIVE’s Manitoba facility in Canada.
• The move reflects HIVE’s shift toward a twin focus on hashrate services and AI infrastructure alongside its crypto mining operations.

For a company better known for crypto mining, TSXV:HIVE is putting more weight behind AI infrastructure at a time when its share price sits at CA$3.03. The stock has seen a 36.3% decline over the past 30 days and a 24.4% decline over the past year, so this contract win comes against a backdrop of recent share price pressure. The new AI cloud deals give investors something concrete to watch as HIVE expands beyond its traditional business.

The CA$30 million in long-term AI cloud contracts indicates that HIVE has secured customers for its BUZZ computing capacity, rather than building GPU clusters on pure speculation. As the Manitoba deployment ramps up, the key questions for investors will be how quickly the contracted capacity is brought online and whether HIVE can secure additional customers on similar or better terms.

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2 things going right for HIVE Digital Technologies that this headline doesn’t cover.

Quick Assessment

• ⚖️ Simply Wall St Valuation: Valuation status is currently marked as unknown, so the contracts do not yet come with a clear Fair Value signal attached.
• ❌ Recent Momentum: The share price at CA$3.03 follows a 36.3% decline over the past 30 days, which shows weak recent momentum.

There is only one way to know the right time to buy, sell or hold HIVE Digital Technologies: review detailed, up-to-date analysis. Head to Simply Wall St’s
company report for the latest analysis of HIVE Digital Technologies’s Fair Value.

Key Considerations

• 📊 The CA$30 million BUZZ AI cloud contracts give some visibility on demand for HIVE’s new GPU capacity rather than leaving the shift into AI infrastructure untested.
• 📊 Watch how quickly the Manitoba GPU cluster is deployed, what utilization rates look like, and whether additional AI contracts arrive on terms that support the current 16.1x P/E.
• ⚠️ Forecast earnings declines, prior shareholder dilution and profit margins now below last year highlight execution and funding risk if AI investments do not translate into sustainable profitability.

Dig Deeper

For the full picture, including more risks and rewards, check out the
complete HIVE Digital Technologies analysis. Alternatively, you can check out the
community page for HIVE Digital Technologies to see how other investors believe this latest news will impact the company’s narrative.

This article by Simply Wall St is general in nature. We provide commentary based on historical data
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Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.
Simply Wall St has no position in any stocks mentioned.

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