HIVE Digital Technologies Ltd. filed a Form 8-K on August 19, 2026, disclosing that its wholly-owned subsidiary BUZZ High Performance Computing Inc. entered into a five-year GPU cloud services agreement valued at approximately $350 million with an unnamed enterprise customer.

Key Highlights

  • Contract value: The estimated total contract value is approximately $350 million over the five-year term, according to the filing.
  • GPU cluster size: The cluster will consist of 2,016 NVIDIA Blackwell Ultra GPUs in NVIDIA GB300 NVL72 rack-scale systems.
  • Deployment location: The cluster will be deployed at a facility in Merritt, British Columbia.
  • Capital expenditures: The company expects capital expenditures associated with the deployment to total approximately $185 million.
  • Customer deposit: The customer has agreed to furnish a deposit of approximately 10% of the total contract value.
  • Deployment timeline: Deployment is expected to occur during the fourth quarter of the 2026 calendar year.

BUZZ High Performance Computing Secures Five-Year GPU Services Agreement

According to the Form 8-K filed with the U.S. Securities and Exchange Commission, HIVE Digital Technologies Ltd. (NASDAQ:HIVE) announced on August 17, 2026 that its wholly-owned subsidiary, BUZZ High Performance Computing Inc. ("BUZZ"), entered into a GPU cloud services agreement with an enterprise customer described as having "a high investment grade credit profile." The customer's identity was not disclosed in the filing. The agreement covers a five-year term and carries an estimated total contract value of approximately $350 million.

The filing states the dedicated GPU cluster will consist of 2,016 NVIDIA Blackwell Ultra GPUs configured in NVIDIA GB300 NVL72 rack-scale systems. The cluster will be deployed at a facility in Merritt, British Columbia, and is described as being "designed to support large-scale AI training, AI inference and advanced enterprise workloads." Deployment is expected to occur during the fourth quarter of the 2026 calendar year. The company expects capital expenditures associated with the deployment, "including the accelerated computing cluster and all associated hardware and service warranties," to total approximately $185 million.

The filing further notes that the customer has agreed to furnish a deposit of approximately 10% of the total contract value. The disclosure was made under Item 7.01 (Regulation FD) and Item 8.01 (Other Events). The filing explicitly states that statements regarding deployment timelines, total contract value, anticipated expenditures, future GPU capacity, and the receipt of the deposit are forward-looking statements subject to the company's cautionary language, and that actual results may differ materially from those indicated.

What Was Disclosed

HIVE Digital disclosed through its subsidiary BUZZ a five-year GPU cloud services agreement with an investment-grade enterprise customer, covering a 2,016-GPU NVIDIA Blackwell Ultra cluster to be deployed in Merritt, British Columbia, with an estimated contract value of approximately $350 million and expected capital expenditures of approximately $185 million.