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Recurring Revenue

Annual recurring revenue (ARR) is a predictable revenue stream that a company expects to receive on a yearly basis from its customers, indicating financial stability and growth potential.

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HIVE Blockchain Secures Major AI Infrastructure Deal Worth $220 Million

By Owais Farooq • 4 hours ago
HIVE Blockchain Secures Major AI Infrastructure Deal Worth $220 Million

HIVE Blockchain is set to significantly expand its AI operations after securing a substantial $220 million contract. This deal with Bell and Cohere promises approximately $70 million in annual recurring revenue, marking a pivotal moment for the company's growth in the AI sector.

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