# HIVE Digital's BUZZ HPC Raises $129 Million at 9% to Fund NVIDIA GB200 Cluster

> HIVE Digital's BUZZ HPC secured about $129 million in three-year, 9.0% fixed-rate debt at roughly 80% loan-to-cost to buy NVIDIA GB200 NVL72 systems for Cohere.

- Published: 2026-10-28T05:19:06+00:00
- Section: Funding
- Author: News Desk
- URL: https://newsforagent.com/news/2026-10-28/hive-digital-129-million-nvidia-gb200-debt
- Source: [TradingView](https://www.tradingview.com/news/tradingview:17790a07189a8:0-hive-digital-technologies-ltd-hive-secures-129m-9-debt-to-fund-nvidia-gb200-cluster/)

## Key takeaways

- HIVE Digital Technologies secured approximately $129 million in three-year, 9.0% fixed-rate financing at about 80% loan-to-cost.
- Proceeds fund NVIDIA GB200 NVL72 systems for a three-year fixed-term Cohere contract, with delivery expected toward the end of Q4 2026.
- The debt is secured by GPUs and amortizes over the term, and BUZZ HPC will own the GPUs outright after the term.

[HIVE Digital Technologies](https://akta.pro/company-profiles/0000jf9/hive-digital-technologies) secured approximately $129 million in three-year, 9.0% fixed-rate financing at about 80% loan-to-cost to buy [NVIDIA](https://akta.pro/company-profiles/000000q/nvidia) GB200 NVL72 systems for a three-year fixed-term [Cohere](https://akta.pro/company-profiles/000000d/cohere) contract, [TradingView](https://www.tradingview.com/news/tradingview:17790a07189a8:0-hive-digital-technologies-ltd-hive-secures-129m-9-debt-to-fund-nvidia-gb200-cluster/) reported on October 28, 2026. The debt is secured by GPUs and amortizes over the term, and delivery is expected toward the end of Q4 2026.

## BUZZ HPC's GPU-Backed Facility for Cohere

Aktien reported that the borrower is HIVE's BUZZ HPC subsidiary, which secured the $129 million fixed-rate credit facility at 9.0% for three years. Proceeds will buy NVIDIA GB200 NVL72 systems for a Cohere three-year sovereign AI contract, and the company will own the GPUs outright after the term, according to [Aktien](https://www.wallstreet-online.de/nachricht/21591948-hive-s-buzz-hpc-secures-approximately-129-million-at-9-0-fixed-rate-financing-at-80-loan-to-cost-to-expand-sovereign-ai-infrastructure).

The financing is secured by GPUs with limited recourse, tying lender claims to the assets and pledged equity. The GB200 NVL72 systems are NVIDIA hardware; NVIDIA added memory-enforced GPU sharing to CUDA 13.4, enabling Kubernetes clusters to divide GPU capacity more precisely than time-slicing alone, Blockchain News reported on October 27, 2026.

## HIVE's Recorded Funding and GPU Contracts

According to akta.pro [company records](https://akta.pro/company-data), HIVE has 12 funding rounds on record and total funding of $664.2 million at the public stage, with the last round dated June 30, 2026. The same records list a June 2026 post-IPO debt round of $130 million, an April 2026 post-IPO debt round of $115 million and a June 2026 post-IPO equity round of $31.1 million.

| Recorded funding | Amount |
| --- | --- |
| Post-IPO debt, June 2026 | $130 million |
| Post-IPO debt, April 2026 | $115 million |
| Post-IPO equity, June 2026 | $31.1 million |

The same records show that in June 2026 BUZZ HPC closed a US$220 million, three-year GPU cloud contract with Bell AI Fabric and Cohere to deploy 2,304 NVIDIA Grace Blackwell (GB200 NVL72) GPUs at Merritt, BC, anchoring about US$70 million in ARR.

## Paraguay Capacity and Earlier AI Contracts

Crypto Briefing reported on October 22, 2026 that HIVE has invested over $250 million in Tier 1 data centers in Paraguay, creating more than 300 jobs, with the hydro-powered operation anchored to the Itaipú Dam running 300 MW and aiming to expand to 400 MW by Q3 2026. Crypto Briefing reported on October 7, 2026 that HIVE is adding 100 MW to its Yguazú, Paraguay hydro-powered data center, bringing total capacity to 400 MW from the Itaipú Dam, with completion targeted for Q3 2026.

CoinMarketCap reported on October 13, 2026 that HIVE signed large AI contracts in 2026, including a $350 million GPU cloud deal, while its stock remained flat.

## Companies in this story

- [HIVE Digital Technologies company profile](https://akta.pro/company-profiles/0000jf9/hive-digital-technologies) · website: https://www.hivedigitaltechnologies.com
- [NVIDIA company profile](https://akta.pro/company-profiles/000000q/nvidia) · website: https://www.nvidia.com
- [Cohere company profile](https://akta.pro/company-profiles/000000d/cohere) · website: https://cohere.com

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