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HIVE's BUZZ HPC Closes $220M Sovereign-AI GPU Contract to Host Cohere Models in Canada
HIVE Digital's BUZZ HPC subsidiary closed a roughly $220M sovereign-AI GPU contract, announced June 16–18, with Bell Canada's AI Fabric to run Cohere's enterprise models entirely on Canadian infrastructure, adding about $70M in contracted annual recurring revenue with go-live targeted for late 2026 to early 2027. The deal bundles Bell's data centers and connectivity, Cohere's security-first LLMs, and NVIDIA-accelerated compute into a single national stack for government and corporate buyers. It is a clear marker of the 'sovereign AI' trend, where regulated customers pay premiums for in-country model hosting.
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