HIVE (HIVE) Shares Rise 11% on $350M GPU Cloud Contract

HIVE Digital Technologies (NASDAQ:HIVE) shares increased by 11% to $2.98 after announcing a five-year, $350 million GPU cloud contract. This contract boosts BUZZ HPC's total annualized revenue to $180 million, moving closer to its $200 million target. Cipher Mining also saw a 2% increase, while NVIDIA rose by 0.8%. HIVE's market cap is currently $883.85 million. This matters for investors because the successful execution of this contract can significantly enhance HIVE’s revenue potential and market position in the AI sector.