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HIVE Digital Technologies, a publicly traded Bitcoin miner, has finalized a $220 million sovereign cloud contract with Bell to deploy 2,304 NVIDIA Blackwell GPUs across Canada, with the buildout expected to complete by early 2027.
The deal comes with a projected $70 million in annual revenue — a figure that, if it holds, would mark a significant pivot for a company whose core business has been mining $BTC.
What "Sovereign Cloud" Actually Means A sovereign cloud contract is an agreement to run computing infrastructure that stays within a country's borders, subject to that country's data laws.
Governments and regulated industries increasingly demand this because data stored on foreign servers can fall under foreign jurisdiction.
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