HIVE Digital Technologies Ltd. (NASDAQ: HIVE ) shares rose about 8% in Monday premarket trading after the company announced a five-year GPU cloud services agreement worth approximately $350 million.
BUZZ HPC Adds $70 Million in Annualized Revenue
The five-year agreement with an investment-grade enterprise customer is expected to add roughly $70 million in annualized revenue, lifting BUZZ HPC’s total annualized revenue to about $180 million.
Of that, approximately $35 million is currently active, while $145 million in contracted revenue is expected to come online through the fourth quarter of 2026.
2,016 NVIDIA Blackwell Ultra GPUs Planned
BUZZ HPC will deploy 2,016 NVIDIA (NASDAQ: NVDA ) Blackwell Ultra GPUs in GB300 NVL72 systems, supported by NVIDIA Quantum-X800 InfiniBand networking and VAST Data storage.
Latest Private Market Opportunities Join 400,000+ InvestorsThe cluster is expected to become operational later in 2026 at the Bell AI Fabric facility in Merritt, British Columbia.
The facility runs on 100% renewable hydroelectric power and uses closed-loop liquid cooling that eliminates ongoing water consumption for cooling.
With S&P 500 futures up about 0.2% in premarket trading, HIVE’s roughly 9% gain highlights investor reaction to the company’s expanded contracted AI infrastructure revenue.
HIVE Stock: Key Technical Levels To Watch
From a longer-term technical perspective, HIVE remains in an intermediate downtrend despite signs of a near-term rebound.
The stock is 13.6% below its 50-day SMA of $3.36 and 5.8% below its 100-day SMA of $3.08, while trading 1.2% above its 20-day SMA of $2.87. That setup suggests an early bounce that still needs follow-through.
Momentum is improving. MACD is above its signal line with a positive histogram, indicating that selling pressure is easing and buyers are beginning to regain control.
The broader trend remains mixed. The 20-day SMA is still below the 50-day SMA, a bearish signal, while the 50-day SMA remains above the 200-day SMA following June’s golden cross.
Bulls would likely want to see HIVE reclaim the 200-day SMA near $3.04 before targeting the 50-day SMA.
Key Resistance: $3.00, near the 200-day SMA zone. Key Support: $2.50, where buyers previously stepped in; a break below could refocus attention on the lower end of the 52-week range.Analyst Ratings Point to Upside for HIVE
The stock carries a Buy rating with an average price forecast of $6.80 (high $10.00, low $4.60) across 10 analysts. Recent analyst moves include:
Chardan Capital: Initiated with Buy (Target $7.50) (July 27) Keefe, Bruyette & Woods: Market Perform (Raises Target to $5.00) (June 5) Canaccord Genuity: Buy (Maintains Target $10.00) (June 5)HIVE Stock Price Movement in Premarket
HIVE Stock Price Activity: HIVE Digital Technologies shares were up 8.16% at $2.91 during premarket trading on Monday, according to Benzinga Pro data .
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