HIVE Stock Rises After Bitcoin Miner Signs $220M AI Infrastructure Deal

HIVE’s stock rose after the bitcoin miner signed a three-year GPU infrastructure deal with Bell Canada and Cohere valued at $220 million, according to Decrypt. The agreement marks a major AI-focused contract for a company best known for crypto mining.

The deal matters because it shows how mining companies are trying to extend their role beyond bitcoin production. GPU infrastructure is a key input for AI workloads, and HIVE’s contract places the miner inside a market where demand for computing capacity has become strategically important.

Bell Canada and Cohere’s involvement also gives the agreement a national technology angle. Decrypt framed the deal against Canada’s broader effort to build AI systems it can own and operate, rather than relying entirely on outside infrastructure.

For crypto readers, the development is another sign that miners are being valued not only for their exposure to bitcoin, but also for the power, data center, and hardware footprints they can apply to AI. That does not erase the company’s crypto identity, but it broadens the business case investors and industry watchers are following.

The stock reaction reflects market attention around that shift, though the source did not provide specific price levels or percentage moves. The core takeaway is that HIVE has landed a large, multi-year AI infrastructure contract at a time when computing capacity is becoming a competitive asset for both crypto and artificial intelligence companies.