Hive Digital Technologies (HIVE) has agreed to purchase a 7.2 megawatt data center in Toronto, Canada, and aims to transform it into a cornerstone of artificial intelligence (AI) infrastructure through its subsidiary BuzzHPC.
The facility is expected to become HPC’s first Tier 3 data centre. Upgraded to support liquid cooling, hosts up to 5,000 next-generation GPUs, allowing large-scale AI model training and inference. The company says the infrastructure will support Canadian business and government workloads and strengthen the country’s digital sovereignty.
“With the explosion of demand for HPC and AI computing power, this Toronto site provides a critical footprint for developing sovereign AI data centers owned and operated in Canada by public Canadian companies.
The move comes amid a global competition to build AI infrastructure across the country, with countries competing for their computing power to keep up with the fierce pace of generating AI development.
The acquisition also marks the first major steps in the operation of Buzz HPC’s own facility. Starting as a Crypto Mining Company, Hive continues to shift towards AI and cloud services with a special focus on renewable infrastructure.
Other Bitcoin miners, such as Core Scientific (CORZ), have similarly diversified into the AI sector, increasing revenue streams.