Hive Digital Technologies’ subsidiary Buzz HPC has signed a sovereign AI contract with Bell Canada and LLM and AI company Cohere Inc.. The deal is valued at £220 million and will span three years, with Buzz HPC providing GPUs to Cohere housed at Bell Canada’s data center in Merritt, British Columbia..
A Hive Digital site in New Brunswick, Canada – Hive Digital Technologies. Hive, through Buzz HPC, has procured 2,304 Nvidia Grace Blackwell GPUs as part of GB200 NVL72 rack-scale systems interconnected with Nvidia Quantum InfiniBand networking. The cluster, once deployed at the Bell data center, will be the compute layer for Cohere to operate its foundation models and AI solutions for government and corporate customers across Canada..
The GPUs have been purchased using the proceeds from Hive’s April 2026 $115m convertible note financing round.. According to Hive’s CEO, Aydin Kilic, the cluster is expected to go live in late 2026 or early 2027, and will add approximately $70m of annualized revenue.. Plans for the 6.5MW Merritt Bell Canada deployment were revealed in March 2026.. “Canada helped pioneer modern artificial intelligence.
What we have lacked is not talent, it is industrial infrastructure to commercialize that talent at scale before others do it for us. This partnership with Bell and Cohere is a defining moment. Buzz HPC is the GPU factory layer that transforms Canada’s AI ambitions from political promises into productive national assets,” said Frank Holmes, executive chairman, Hive Digital Technologies..
Craig Tavares, president and COO of Buzz HPC, added: “This partnership brings together a combination of capabilities that do not exist anywhere else in Canada today: Bell’s national platform, Cohere’s world-class enterprise AI solutions, Hypertec’s Canadian-built GPU servers, and Buzz’s AI factory and sovereign AI cloud powered by Nvidia’s full-stack AI infrastructure. What we have built together is more than a technology partnership.
We have built an AI manufacturing platform for Canada. These AI Factories convert renewable energy into one of the most valuable products in the world: intelligence.”. Hive/Buzz is working with Bell Canada on several deployments and, besides the Merritt deployment, has previously worked to deploy Nvidia AI infrastructure in Manitoba, Canada..
The company is also planning a 320MW data center in the Greater Toronto area of Canada, and has data centers in operation or under development in Sweden and Paraguay.. Hive Digital Technologies was formerly Hive Blockchain, and was founded and went public in 2017. While still offering cryptomining services, Hive has pivoted to largely focus on its HPC customers..
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