BUZZ’s signed enterprise GPU-cloud agreement has an estimated $350 million, five-year value; deployment is expected in Q1 2027.

HIVE’s Form 10-Q records its August 17 announcement that BUZZ entered into a GPU-cloud services agreement with an enterprise customer. The estimated total contract value is approximately $350 million over five years; it is neither a financing amount nor revenue already earned.

The customer agreed to furnish a deposit of approximately 10% of total contract value. The supplied excerpt states that commitment but does not confirm receipt, and it does not identify the customer or provide company-wide customer-concentration figures.

The agreement provides access to the dedicated Merritt cluster of 2,016 NVIDIA Blackwell Ultra GPUs in GB300 NVL72 rack-scale systems. Expected deployment in calendar Q1 2027 and approximately $185 million in associated capital expenditures remain company estimates, distinct from the signed customer agreement.

Separately, BUZZ appointed Mark Volk senior vice president of revenue and announced a September 16 partnership with Vancouver-based applied-AI and data-engineering company ProCogia. Under that arrangement, ProCogia will procure dedicated GPU capacity from BUZZ’s Canadian data centers and act as a preferred applied-AI services partner; the filing does not identify ProCogia as the customer behind the $350 million agreement.