HIVE Digital Technologies Ltd. filed a Form 8-K on October 28, 2026, reporting that its indirect subsidiary BUZZ Alpha Cloud Inc. entered into an approximately $129 million Loan and Security Agreement on October 27, 2026, to finance the purchase of an advanced sovereign AI GPU cluster.

Key Highlights

  • Facility size: Approximately $129 million Loan and Security Agreement entered into by BUZZ Alpha Cloud Inc., an indirect subsidiary of HIVE Digital Technologies Ltd.
  • Use of proceeds: Funds will be used to purchase an advanced sovereign AI GPU cluster and related infrastructure, including NVIDIA GB200 NVL72 GPUs.
  • Interest rate and term: The facility bears interest at a fixed rate of 9.0% per annum and has a three-year term, with principal and interest amortizing over the life of the loan.
  • Security: The facility is secured by the GPUs and related assets of the borrower; BUZZ High Performance Computing Inc. provided a limited recourse guarantee and a pledge of its equity in the borrower.
  • Customer contract link: The GPUs will be deployed in connection with a previously announced customer contract, according to the filing.
  • Covenants: The facility includes customary terms, conditions, and covenants, including required debt-service coverage ratios.

HIVE Digital's BUZZ Alpha Cloud Subsidiary Closes $129 Million GPU Financing

According to the Form 8-K filed with the U.S. Securities and Exchange Commission, HIVE Digital Technologies Ltd. (NASDAQ:HIVE) disclosed that BUZZ Alpha Cloud Inc., described in the filing as an indirect subsidiary of the company, entered into the Loan and Security Agreement on October 27, 2026. The institutional lender is identified only as such, and BUZZ High Performance Computing Inc. is named as parent under the agreement.

The filing states that proceeds from the facility will fund the purchase of an advanced sovereign AI GPU cluster and related infrastructure, specifically including NVIDIA GB200 NVL72 GPUs. The company disclosed that these GPUs "will be deployed in connection with a previously announced customer contract." The facility carries a fixed interest rate of 9.0% per annum over a three-year term, with repayment of both principal and interest amortizing over the life of the loan.

On the security structure, the filing notes that the facility is secured by the GPUs and related assets of the borrower, BUZZ Alpha Cloud Inc. As additional security, BUZZ High Performance Computing Inc. provided a limited recourse guarantee of the borrower's obligations and pledged its equity in the borrower, but the filing specifies that BUZZ "is not otherwise liable under the financing." The 8-K was signed by Darcy Daubaras, Chief Financial Officer, on October 28, 2026. The filing also references a press release dated October 27, 2026, attached as Exhibit 99.1, announcing certain business and operating updates.

What Was Disclosed

HIVE Digital Technologies disclosed through an 8-K that subsidiary BUZZ Alpha Cloud Inc. closed an approximately $129 million loan facility to finance NVIDIA GB200 NVL72 GPU infrastructure, carrying a 9.0% fixed annual interest rate over a three-year amortizing term.