BUZZ HPC signs ~$350M five-year AI cloud GPU deal
BUZZ HPC, a unit of HIVE, signs a five-year GPU cloud services agreement for ~$350M total contract value and ~$70M in annualized revenue, lifting annualized revenue to ~$180M with ~$145M contracted ARR through Q4 2026.
HIVE HIVE's BUZZ HPC Signs $350M Five-Year AI Cloud Deal ⠀ • BUZZ HPC signed a five-year GPU cloud services agreement with an investment-grade enterprise customer, representing ~$350M in total contract value and ~$70M in annualized revenue. • The deal lifts BUZZ HPC's total annualized revenue to ~$180M, including ~$35M active ARR and ~$145M contracted ARR expected to come online through Q4 2026. • HIVE will deploy 2,016 NVIDIA Blackwell Ultra GPUs in GB300 NVL72 systems, with the cluster expected online in Q4 and HPC/AI daily revenue projected at ~$500K following deployment.