HIVE Digital Expands AI Push With $220M Sovereign Cloud Contract

On June 19, 2026, HIVE Digital Technologies confirmed its three-year $220 million AI contract with Bell AI Fabric and Cohere, deploying 2,304 Nvidia Grace Blackwell GPUs and targeting $70 million in new annual recurring revenue. The announcement follows Bitdeer’s May 2026 operations update released the prior day, which reported 921 BTC mined (up 370% YoY), self-mining hashrate at 70.2 EH/s, and AI Cloud ARR near $69 million at 90% utilization. Both miners are repurposing power assets into long-term AI infrastructure deals, with HIVE shares jumping over 11% pre-market, underscoring accelerating diversification among Bitcoin miners into sovereign AI compute amid post-halving margin pressure.