Hive stock jumps 10% in premarket trading after announcing a $220M, three-year GPU cloud contract with Bell Canada and Cohere, as it pivots from bitcoin mining (James Van Straten/CoinDesk)

Techmeme ·

Hive secured a $220M GPU cloud contract with Bell Canada and Cohere, marking a major AI infrastructure pivot from bitcoin mining.

Categories: Money & Moves

Excerpt

<a href="https://www.coindesk.com/markets/2026/06/18/hive-shares-jumps-10-on-usd220m-canada-sovereign-ai-infrastructure-deal"><img align="RIGHT" border="0" hspace="4" src="http://www.techmeme.com/260618/i25.jpg" vspace="4" /></a> <p><a href="https://www.techmeme.com/260618/p25#a260618p25" title="Techmeme permalink"><img height="12" src="http://www.techmeme.com/img/pml.png" style="border: none; padding: 0; margin: 0;" width="11" /></a> James Van Straten / <a href="http://www.coindesk.com/">CoinDesk</a>:<br /> <span style="font-size: 1.3em;"><b><a href="https://www.coindesk.com/markets/2026/06/18/hive-shares-jumps-10-on-usd220m-canada-sovereign-ai-infrastructure-deal">Hive stock jumps 10% in premarket trading after announcing a $220M, three-year GPU cloud contract with Bell Canada and Cohere, as it pivots from bitcoin mining</a></b></span>&nbsp; &mdash;&nbsp; HIVE Digital Technologies (HIVE) shares jumped 10% in pre-market trading on Thursday after the company announced a $220 million &hellip; </p>