- HIVE Digital Technologies Ltd. (HIVE, Financial) acquires a 7.2 MW data center in Toronto, Canada for AI and HPC development.
- The facility will be upgraded to Tier 3 liquid-cooled standards, supporting up to 5,000 next-generation GPUs.
- This strategic acquisition aims to strengthen Canada's sovereign AI infrastructure, ensuring data security on Canadian soil.
HIVE Digital Technologies Ltd. (HIVE) has announced a significant acquisition of a 7.2-megawatt data center located in Toronto, Canada. This strategic move is executed through its subsidiary, BUZZ High Performance Computing Inc. (BUZZ HPC), aiming to propel the company into a leadership position in Canada's high-performance computing and sovereign AI infrastructure.
Once upgraded to meet Tier 3 liquid-cooled standards, the Toronto facility will boast an impressive capacity to support up to 5,000 next-generation GPUs. The enhancements are designed to bolster AI compute capabilities, specifically catering to large-scale AI training, inference, and cloud services in Canada.
The data center, located in Canada's most prominent tech hub, provides BUZZ HPC a crucial advantage with its dense fiber optic connectivity and proximity to leading AI research centers. This positions HIVE and BUZZ HPC as pivotal players ensuring data residency and security for Canadian enterprises and government initiatives, aligning with national interests and innovation leadership.
Frank Holmes, Executive Chairman of BUZZ HPC and HIVE, emphasized the strategic value of the acquisition, noting its significance in expanding BUZZ's operational footprint and advancing Canada's next-generation compute infrastructure. The move also underscores HIVE's commitment to sustainable digital infrastructure, with plans to integrate green energy sources.
