Why HIVE Stock Popped Today

Shares of HIVE Digital Technologies (NASDAQ: HIVE) climbed on Monday after the computing infrastructure builder signed a $350 million artificial intelligence (AI) cloud services deal. Image source: Getty Images. Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue " Developing sustainable AI data centers HIVE's BUZZ High Performance Computing subsidiary entered into a five-year graphics processing unit (GPU) agreement with "an investment-grade enterprise customer." Under the terms of the deal, BUZZ HPC will deliver 2,016 Nvidia Blackwell Ultra GPUs in rack-scale systems designed for AI model training and inference workloads. The GPUs will be housed at the Bell AI Fabric facility in British Columbia, which features 100% renewable hydroelectric energy and water-conserving closed-loop liquid cooling technology. The deal is expected to generate $70 million in annualized revenue for BUZZ HPC, bringing its total projected annualized revenue to roughly $180 million. With approximately $185 million in estimated capital expenditures, the project is also forecasted to produce strong, recurring cash flow upon full deployment. "Our core expertise remains the same: securing renewable energy, building high-performance data centers, and converting that energy into valuable computing power," HIVE executive chairman Frank Holmes said. Performance and sustainability go hand in hand By offering an attractive combination of energy- and water-efficient cooling technology, high-performance Nvidia chips, and renewable power, HIVE's BUZZ HPC is set to win a larger share of the AI infrastructure build-out boom. Management is targeting $200 million in annual recurring revenue for HIVE's GPU cloud business, and the data center developer is already well on its way to achieving its goal. Should you buy stock in Hive Digital Technologies right now? Before you buy stock in Hive Digital Technologies, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Hive Digital Technologies wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $421,511!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,381,960!* Now, it's worth noting Stock Advisor's total average return is 981% -- a market-crushing outperformance compared to 216% for the S&P 500. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built by individual investors for individual investors. See the 10 stocks " *Stock Advisor returns as of August 17, 2026. Joe Tenebruso has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Nvidia. The Motley Fool has a disclosure policy.

Why HIVE Stock Popped Today

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