HIVE Digital Technologies has secured a roughly 129 million USD fixed-rate loan from an institutional lender, signed by its subsidiary BUZZ Alpha Cloud, to buy GPUs for its sovereign AI contract with Cohere. The loan carries a fixed rate of 9% over three years and is secured by the GPUs and related assets, after which HIVE will own the GPUs outright with no residual payment. The financing covers about 80% of the cost of a 165 million USD cluster of 2,303 NVIDIA GB200 GPUs, with HIVE funding its equity contribution from 0% convertible bonds. The cluster is contracted to Cohere at a fixed 225 million USD total contract value, and the loan is to be repaid from contract revenue. No common shares are being issued in connection with the loan, and GPU delivery is expected toward the end of the fourth quarter of 2026.
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artificial intelligencedata centersNvidiacredit
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Related tickers and likely impact
NVDA
• NeutralNvidia
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Semiconductors |
| Market cap | $5.1T |
| Close on 10/27/2026 | 217.94 |
| Change that session | +0.90% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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