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RETRANSMISSION: HIVE's BUZZ HPC Announces 320 MW Sovereign AI Infrastructure in Greater Toronto Area

$HIVEPress releaseMay 18, 2026, 6:00 AM ETRead the release

HIVE Digital Technologies announced a major expansion of its Canadian AI infrastructure through subsidiary BUZZ HPC, securing 320 MW of utility capacity for a new 'AI gigafactory' in the Greater Toronto Area. The project involves a ~CAD $3.5 billion capital investment and the acquisition of 25 acres of land for $58 million total. At full build-out, the facility is designed to host more than 100,000 GPUs, targeting online status in the second half of 2027. This move brings HIVE's total global power portfolio to over 850 MW, combining 450 MW of operating data centers with a 400 MW pipeline.

Key figures

Gpu capacity
100,000
Construction jobs
800
Pipeline power mw
400
Power capacity mw
320
Total gpu pipeline
130000
Current gpus online
5500
Total global power mw
850
Capital investment cad
3.5 billion
Canada pipeline power mw
320
Canada operating power mw
100
Land acquisition cost usd
58 million
Operating data center power mw
450

AI analysis

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AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.

    HIVE: RETRANSMISSION: HIVE's BUZZ HPC Announces 320 MW Sovereign AI Infrastructure in Greater Toronto Area — AI Analysis | Signal8