HIVE Digital Technologies stock rose over 7% on Thursday after the company announced a $220 million GPU cloud contract with Bell Canada and Toronto-based AI firm Cohere, its biggest deal yet. The three-year contract, delivered through HIVE's subsidiary BUZZ High Performance Computing, involves 2,304 NVIDIA Grace Blackwell GPUs installed at Bell's data center in Merritt, British Columbia. Cohere will use the compute layer to run its platform for Canadian clients. Canada has committed over $2 billion to domestic AI compute as part of its Sovereign AI Compute Strategy and put $240 million directly into Cohere. Cohere recently announced a merger with Germany's Aleph Alpha that values the combined company at roughly $20 billion. HIVE reported $278.3M Bitcoin mining revenue in its last quarter.