HIVE subsidiary BUZZ launches major AI infrastructure project in Toronto

HIVE Digital Technologies announced that its wholly owned subsidiary, BUZZ High Performance Computing (BUZZ HPC), is moving up with a large-scale AI infrastructure concern successful Ontario.

Shares of HIVE roseate much than 33% astatine Monday’s marketplace unfastened aft the institution unveiled plans for what it described arsenic 1 of Canada’s largest sovereign AI “gigafactories” successful the Greater Toronto Area.

The institution said the task volition beryllium based successful the Greater Toronto Area and is designed to enactment astir 320 megawatts of inferior capacity. According to HIVE, the improvement is expected to go 1 of Canada’s largest AI gigafactories.

The planned installation is intended to big much than 100,000 GPUs astatine afloat build-out portion supporting vertically integrated AI supercomputers and endeavor AI workloads.

The institution described the task arsenic infrastructure built to grow Canada’s home AI computing capabilities and fortify the country’s presumption successful artificial quality development.

Related: HIVE invests $3.1M to Eastern Canada’s archetypal sovereign AI mill project

Land acquisitions enactment large AI enlargement

BUZZ said it acquired astir 21 acres of land, referred to arsenic the “Main Parcel,” for $46 million. The institution besides purchased an further four-acre parcel adjacent to the tract for $12 million.

Together, the properties signifier a contiguous tract with entree to a 320 MW powerfulness allocation.

The institution said it has already secured cardinal milestones related to the project’s powerfulness infrastructure and plans to presumption the improvement wrong the Toronto–Waterloo innovation corridor.

According to BUZZ, the determination places the installation adjacent large Canadian probe and exertion hubs, including the University of Toronto, the Vector Institute, and Waterloo’s engineering and exertion ecosystem.

AI infrastructure positioned arsenic nationalist precedence

The institution framed the task arsenic portion of a broader propulsion to found sovereign AI infrastructure wrong Canada.

BUZZ said the installation is designed to enactment home compute capableness and let AI-related workloads, endeavor applications, and delicate information operations to stay wrong Canadian borders.

The institution besides emphasized the relation of AI computing successful aboriginal economical competitiveness, describing computing infrastructure arsenic cardinal to the “intelligence economy.”

The task is expected to travel online during the 2nd fractional of 2027.

HIVE estimates the improvement volition impact astir CAD $3.5 cardinal successful superior concern and make much than 800 operation jobs alongside hundreds of semipermanent high-skill positions.