Two cloud infrastructure companies landed sizable GPU contracts this month, and together they say a lot about how tight AI compute capacity has actually gotten.
Akamai disclosed during its Q2 2026 earnings call that it signed a four-year, $600 million deal with an unnamed US technology company to power robotics development. CEO Frank Thomson Leighton told analysts the contract pushes Akamai’s total multiyear commitments for cloud infrastructure services past $2.8 billion so far this year. That volume was enough for the company to raise its own revenue growth outlook, now projecting acceleration into the low teens for 2027.
Here’s the detail that actually stands out, though. CFO Edward McGowan told analysts Akamai has sold out its GPU capacity completely. Fulfilling this new contract alone requires another $500 million in capital spending just to rebuild and expand that capacity. That’s not a company casually adding a new customer. That’s a company scrambling to keep up with demand it’s already struggling to meet. Akamai‘s overall quarterly revenue reached $1.1 billion, up 5% year over year, and within that, the cloud infrastructure segment grew 39% to $99.3 million.
Buzz HPC, the GPU cloud arm of Hive Digital Technologies, landed a smaller but more detailed deal on the same front. The company signed a five-year, $350 million agreement with an enterprise customer, pushing its total annualized revenue to $180 million, split between roughly $35 million already generating revenue and about $145 million in contracted revenue set to activate by the end of 2026.
Unlike Akamai’s announcement, Buzz HPC actually specified the hardware involved: a dedicated cluster of 2,016 Nvidia Blackwell Ultra GPUs, running in Nvidia GB300 NVL72 systems, housed at the Bell AI Fabric data center in Merritt, British Columbia. Vast Data’s operating system will power the cluster, with deployment on track for year’s end.
Craig Tavares, Buzz HPC’s president and COO, framed the deal as part of a broader push to establish the company as a leading sovereign AI cloud provider in Canada, building out infrastructure through partnerships with Bell and Vast Data rather than going it alone.
