According to CoinMeta, Bitcoin mining company Hive Digital Technologies announced that its subsidiary Buzz Alpha Cloud has signed a fixed-rate credit agreement worth approximately $129 million with institutional lenders, with an annual interest rate of 9.0% and a term of three years. The loan value ratio is about 80%. The funds from this financing will be used to purchase AI GPU clusters, including the NVIDIA GB200 NVL72 system, as well as related infrastructure, in order to fulfill the three-year sovereign AI customer contract signed with Cohere. Hive CEO stated that this financing corresponds to the procurement of 2,303 NVIDIA GB200 GPU, totaling about $165 million, and the related equity contribution comes from the company's 0% interest rate convertible bonds issued earlier this year. The company expects the delivery of GPU to take place by the end of the fourth quarter of 2026.