HIVE Digital’s Stock Jumps 12% On $220 Million Investment

HIVE Digital’s Stock Jumps 12% On $220 Million Investment HIVE Digital’s Stock Jumps 12% On $220 Million Investment CryptoProwl Thu, June 18, 2026 at 3:34 PM GMT+2 1 min read NVDA BCE HIVE HIVE Digital’s (NASDAQ: $HIVE) stock is up 12% on news that the company has secured a $220 million U. S. investment from Bell Canada (TSX: $BCE) and artificial intelligence (A.

I. ) firm Cohere. The investment is a three-year deal that will see HIVE's high-performance computing (HPC) unit deploy 2,304 Nvidia (NASDAQ: $NVDA) processors at Bell's A.

I. facility in British Columbia. The project will ultimately provide dedicated computing capacity for privately held Cohere's enterprise A.

I. models that serve Canada’s federal government as well as corporate clients. More From Cryptoprowl: Ripple, The Company Behind XRP, Is Valued At $50 Billion Eightco Secures $125 Million Investment From Bitmine And ARK Invest, Shares Surge Blockchain Projects Decline 75% As Developers Shift To A.

I. Stanley Druckenmiller Says Stablecoins Could Reshape Global Finance New York Stock Exchange Invests $600 Million In Polymarket All infrastructure will remain on Canadian soil, supporting Ottawa's broader push to reduce reliance on foreign-controlled A. I.

technologies, said the companies in a news release. The project is expected to be operational by early 2027, adding roughly $70 million U. S.

in annual recurring revenue (ARR) to HIVE Digital.   HIVE's contracted HPC revenue now exceeds $100 million U. S.

, a sign that its pivot from Bitcoin (CRYPTO: $BTC) miner to data centre operator is succeeding. Prior to today (June 18), HIVE’s stock had risen 125% in the past 12 months to trade at $3. 97 U.

S. per share.