HIVE Subsidiary Secures $129 Million at 9.0% to Fund 2,303 NVIDIA GB200 GPUs
HIVE Digital Technologies said subsidiary BUZZ Alpha Cloud signed a $129 million fixed-rate credit agreement at 9.0% for three years. Proceeds will fund AI GPU clusters including NVIDIA GB200 NVL72 systems for a three-year Cohere sovereign AI contract. CEO said it covers about 2,303 GB200 GPUs valued at $165 million, with equity from 0% convertible bonds and deliveries are expected by end Q4 2026.