Question · Q2 2026
Mike Grondal questioned the number of contracted GPUs out of the 6,000 planned for deployment in the coming quarters, seeking clarity on the visibility of these contracts and the average term, noting a discrepancy between 3-12 months and two-year terms.
Answer
Aydin Kilic, CEO and President of HIVE, clarified that the existing GPUs are on 3-12 month contracts. He explained that the 6,000 new Blackwell GPUs are not yet live but will be brought online in tranches (1,000 in Q1 2026, 1,000 in Q3 2026, and 4,000 in Q4 2026) as retrofits are completed. He stated that more color on contracted GPUs will be provided when they go live, and the two-year term was used for conservative base-case modeling.
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