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BUZZ Alpha Cloud, a subsidiary of HIVE Digital's BUZZ HPC, has signed an approximately $129 million fixed-rate credit agreement with institutional lenders to finance the procurement of NVIDIA GB200 NVL72 GPU clusters for Cohere's sovereign AI contract. The loan carries an annual interest rate of 9.0% and a three-year term, covering a $165 million cluster of 2,303 GB200 GPUs at an approximately 80% loan-to-cost ratio, corresponding to a total three-year $225 million contract with Cohere. The GPUs are expected to be delivered by the end of Q4 2026.
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BUZZ HPC Secures $129 Million Fixed-Rate Credit Facility to Procure NVIDIA GB200 GPU Cluster for CohereDevelopments
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Oct 28
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BUZZ HPC Secures $129 Million Fixed-Rate Credit Facility to Procure NVIDIA GB200 GPU Cluster for Cohere
BUZZ Alpha Cloud, a subsidiary of HIVE Digital's BUZZ HPC, has signed an approximately $129 million fixed-rate credit agreement with institutional lenders to procure an NVIDIA GB200 NVL72 GPU cluster for Cohere's sovereign AI contract. The loan carries an annual interest rate of 9.0% and a three-year term, covering a $165 million cluster of 2,303 GB200 GPUs at a loan-to-cost ratio of approximately 80%, corresponding to a total three-year contract value of $225 million with Cohere. The GPUs are expected to be delivered by the end of Q4 2026.