HIVE Digital Technologies Ltd. (TSX: HIVE) (NASDAQ: HIVE) announced that its subsidiary BUZZ High Performance Computing Inc. is moving forward with a marquee infrastructure project in Ontario, anchored by a planned AI gigafactory in the Greater Toronto Area with about 320 megawatts of utility capacity. The initiative aims to house fully vertically integrated AI supercomputing capabilities and support more than 100,000 GPUs at full build-out, positioning BUZZ as a leading domestic AI infrastructure platform within Canada’s technology corridor.
Land, power, and construction milestones
BUZZ HPC has acquired land comprising roughly 21 acres (the Main Parcel) for CAD 46 million and an adjacent approximately 4-acre parcel (the Additional Parcel) for CAD 12 million. Together, the parcels form a contiguous site that benefits from a 320 MW power allocation, a critical element for the planned AI compute facility. The company notes that it has secured major milestones along the 320 MW power pathway to develop sovereign AI infrastructure within Canada’s innovation corridor linking Toronto and Waterloo. The project is designed to situate massive industrial-scale compute inside Canada’s largest metropolitan economy and one of North America’s foremost hubs for technology, finance, and AI research.
Strategic positioning: sovereignty, corridor dynamics, and capabilities
A central aim of the project is to establish sovereign AI infrastructure—providing the physical backbone for Canada’s intelligence economy. The company emphasizes that compute is the new sovereignty and that countries owning the machines will shape the future, while those relying on foreign data-center capacity may struggle to keep data within borders. The GTA site sits within a pivotal 100-kilometre AI corridor, positioned between Toronto and Waterloo to leverage proximity to leading research institutions and a dense network ecosystem. The site is described as being at the intersection of research excellence, enterprise demand, and low-latency global connectivity.
The facility’s development aligns with BUZZ’s broader strategy of expanding Canada’s AI compute footprint. BUZZ has outlined a path that would place Canada at the center of a domestically controlled AI cluster, with the Toronto–Waterloo region serving as a key nucleus for research, talent, and enterprise adoption. The project underscores the country’s intent to build the infrastructure that supports AI innovation at scale, including low-latency inference and enterprise workloads requiring significant GPU compute.
Key project targets and economic impact
Target online: Second half of 2027.
Capital investment: Approximately CAD 3.5 billion.
Jobs: More than 800 construction roles and hundreds of permanent high-skill positions upon completion.
Operational design: The data center and AI compute facility are engineered for high efficiency, leveraging Ontario’s clean grid and a cooling system that uses a closed-loop approach with no-water use, consistent with BUZZ HPC’s sustainability framework.
Community approach: The project is framed as a community-first initiative, focusing on responsible development, local economic participation, and alignment with national priorities.
Voices from leadership
Frank Holmes, Executive Chairman of HIVE and BUZZ: “AI is the new industrial base and compute is the factory floor. Canada produced the Godfathers of deep learning but kept renting the factories. That era is over. Between Toronto and Waterloo, BUZZ is building the sovereign AI infrastructure that turns Canadian intelligence into Canadian dominance. At full build-out, this intelligence factory will deploy over 100,000 GPUs, creating one of North America’s largest domestically controlled AI clusters. Low-latency inference, AI agents, financial platforms, healthcare breakthroughs, scientific discovery, and national priority workloads will finally run on Canadian iron, under Canadian control. Our vision is to build AI infrastructure that will serve humanity, with the potential to improve quality of life for millions of Canadians.”
Aydin Kilic, President & CEO of HIVE Digital Technologies: “We have been strategically land-banking by regional substations, and we are very pleased to announce this expansion. HIVE now has over 850 MW of power globally; this includes our 450 MW of operating data centers plus a pipeline of 400 MW of capacity, which we expect to bring online in 2027. Globally diversified growth, this includes our 100 MW of operating data centers in Canada, now with a pipeline of 320 MW for 2027. BUZZ has done a phenomenal job expanding our footprint in Canada. With 5,500 GPUs online today doing AI compute, along with our 70 MW New Brunswick Grand Falls site, and now our 320 MW GTA site, we have the land and power to develop a pipeline of infrastructure to support approximately 130,000 GPUs. This puts HIVE and BUZZ at a global scale, with the largest AI native clouds.”
Craig Tavares, President & COO of BUZZ HPC: “This investment is nationally important to Canada’s efforts to build the infrastructure required for the next generation of AI innovation. Compute is the new engine of the AI economy. If Canada wants to lead in AI, we need to build the factories that produce intelligence here at home. Canada has the clean energy, network connectivity and research ecosystem to lead AI innovation around the world. BUZZ is building the infrastructure layer that turns Canada’s AI ambition into reality. This gigafactory is the engine Canada needs to lead the intelligence economy. This facility anchors BUZZ’s national AI platform spanning British Columbia, Manitoba, Ontario, Quebec, and New Brunswick. It is being built as a fully vertically integrated, Canadian-governed supercomputing platform for the age of inference and enterprise AI. Being a Greater Toronto Area resident, it is an honor to build Canada’s first AI gigafactory in our community. I believe the jobs and economic development this project will offer, will provide tremendous value to the community.”
Closing context and company background
HIVE Digital Technologies Ltd., established in 2017, focused early on green-energy-driven digital asset mining, and today builds and operates Tier-I and Tier-III data centers across Canada, Sweden, and Paraguay, serving both Bitcoin and high-performance computing clients. BUZZ High Performance Computing, a wholly owned subsidiary of HIVE and an NVIDIA Cloud Partner, provides enterprise-grade cloud services and large-scale GPU clusters through vertically integrated data centers. The BUZZ platform supports managed services including Kubernetes, Slurm, virtual machines, and bare-metal deployments optimized for AI, machine learning, and scientific workloads, with a global reach across multiple time zones and continents and a commitment to renewable-energy powering and ultra-low Power Usage Effectiveness (PUE) below 1.3.
For additional information, the companies point to BUZZ’s ongoing Green GPU initiative, focused on aligning AI innovation with sustainability. The project in the GTA marks a significant milestone in BUZZ’s national AI platform expansion, designed to be fully Canadian-governed and integrated with regional energy and research ecosystems.
Source: source
Source: HIVE Digital Technologies Ltd.
Note: This article mirrors the information provided in the press release and does not include forward-looking statements beyond those explicitly stated by the company.
Source version of the press release can be viewed at the link above.
About HIVE and BUZZ
HIVE Digital Technologies Ltd., listed on the TSX and NASDAQ as HIVE, builds and operates Tier-I and Tier-III data centers in Canada, Sweden, and Paraguay, serving Bitcoin and high-performance computing clients. BUZZ High Performance Computing, its wholly owned subsidiary and an NVIDIA Cloud Partner, delivers enterprise-grade cloud services and large-scale GPU clusters in vertically integrated data centers, with a focus on sovereign AI infrastructure and a global, multi-time-zone reach.
