HIVE Paraguay AI GPUs Validated in Columbia Study
HIVE Paraguay AI GPUs were validated in a Columbia study and tied to a BUZZ HPC USD $220 million sovereign contract, boosting commercial momentum for AI/HPC.
KEY TAKEAWAYS
- BUZZ HPC executed a three-year sovereign GPU cloud contract worth approximately USD $220 million.
- Columbia-led study said HIVE's A40 GPUs matched newer H100 performance using code optimizations.
- HIVE cited a 100 MW Yguazú substation with commissioning in summer 2026 and energization slated for September 2026.
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HIVE Digital Technologies Ltd. (TSX and Nasdaq: HIVE) said in a designated news release on June 22, 2026, that Columbia University research validated HIVE Paraguay AI GPUs. A three-year BUZZ High Performance Computing (HPC) contract disclosed June 18 provides commercial momentum as the company shifts toward AI and high-performance computing.
Columbia Validation and NeurIPS Submission
HIVE completed its first AI research project using a GPU cluster in Asunción, Paraguay, in collaboration with Columbia University’s Department of Industrial Engineering and Operations Research. The work has been submitted to the Conference on Neural Information Processing Systems (NeurIPS), a leading machine learning conference. The company described the project as a proof of concept for intercontinental AI training, with researchers in New York City running iterative training on GPUs located in Paraguay.
The release reported token-per-second, latency, and bandwidth measurements as performance references for AI workloads. It also stated, “Using code optimizations developed by the Columbia team, the research found that HIVE's A40 GPUs matched the performance of newer-generation H100 GPUs.”
HIVE is using this dataset and the Columbia study as a technical benchmark to support its planned 100-megawatt HPC/AI “Gigafactory” in Yguazú, Paraguay, and its broader pivot into AI and high-performance computing.
BUZZ HPC Sovereign Contract
HIVE said its wholly owned subsidiary BUZZ High Performance Computing Inc. has signed a three-year GPU cloud contract with Bell Canada and Cohere. The company described the deal as a landmark sovereign AI infrastructure agreement valued at approximately USD $220 million. BUZZ has procured GPU infrastructure for the deployment.
Secondary reports characterize the contract as one of Canada’s largest AI infrastructure projects. They estimate it could add roughly USD $70 million in annual recurring revenue over the contract term, while BUZZ’s current realized recurring revenue stands near USD $35 million.
Paraguay Infrastructure Timetable
HIVE is advancing a 100-megawatt substation under construction in Yguazú, Paraguay. Civil works are complete, with commissioning expected this summer and energization slated for September 2026. The company plans to begin construction on a new Tier-III data center in fall 2026, targeting a ready-for-service date in the second half of 2027.
Together, the sovereign GPU contract and Columbia-led technical validation provide HIVE with both a revenue-backed commercial pathway and a performance benchmark as it shifts focus from legacy bitcoin mining to AI and high-performance computing infrastructure.
