HIVE's BUZZ Starts Building A Digital Superhighway for Eastern Canada's First Sovereign AI Factory
HIVE is investing $3.1 million over five years to upgrade its Grand Falls Data Centre with a new fiber optic network, transforming it into a 50 MW Tier III+ AI factory. The company is leveraging proceeds from its recent $115 million note issuance to expand its GPU AI cloud offering from 5,500 to 11,000 GPUs this year. This infrastructure development is part of HIVE's broader strategy to build sovereign AI facilities in Canada, with BUZZ as its wholly owned subsidiary delivering enterprise-grade cloud services and GPU clusters.
Key figures
- Gpu Capacity
- 11,000 GPUs
- Capital Commitment
- 3100000
- Ai Infrastructure Capacity
- 50 MW
AI analysis
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