HIVE secures $220M AI infrastructure contract with Bell and Cohere

HIVE has secured a $220 million AI infrastructure contract with Bell and Cohere, marking a major commercial win for the company as it builds out its AI-focused business. The deal is expected to contribute roughly $70 million in annual recurring revenue.

The agreement matters because it gives HIVE a clearer path to scaling its AI infrastructure operations with a significant long-term revenue stream. For readers tracking crypto-adjacent companies, the contract highlights how firms originally known for digital asset activity are increasingly positioning themselves around broader compute and infrastructure demand.

HIVE’s move also reflects the growing overlap between AI infrastructure and the wider tech ecosystem, where access to computing capacity has become a strategic priority. Large contracts of this kind can help companies strengthen their business mix beyond crypto market cycles.

While the source does not provide further terms of the agreement, the reported annual recurring revenue estimate suggests the contract could play an important role in HIVE’s operational expansion. The deal underscores how AI-related infrastructure is becoming a key growth area for publicly traded companies with adjacent digital infrastructure expertise.