BUZZ Alpha Cloud Signs $129 Million Loan for HIVE AI GPU Buildout
Photo: TokenPost
HIVE Digital Technologies announced that its subsidiary BUZZ Alpha Cloud signed a three-year credit agreement worth about $129 million, with annual interest fixed at 9%. The facility carries a loan-to-cost ratio of about 80%. The financing will support an approximately $165 million purchase of AI GPU systems and related infrastructure, including NVIDIA GB200 GPUs. HIVE's equity contribution will come from 0% convertible bonds issued earlier this year. BUZZ HPC plans to use the equipment for a three-year sovereign AI arrangement serving Cohere through Bell Canada.
Source: TokenPost
