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- Significant power infrastructure investment required for facility development<\/li>\n
\n <\/p>\n - High operational costs associated with advanced cooling systems<\/li>\n
\n <\/p>\n - Competitive pressure in Toronto’s growing data center market<\/li>\n
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\n Insights \n <\/p>\n
\n <\/p>\nHIVE’s acquisition of a 7.2MW Toronto data center strengthens its AI infrastructure position, offering sovereign computing solutions in Canada’s AI hub.<\/b><\/p>\n
BUZZ HPC’s acquisition of a 7.2MW data center site in the Greater Toronto Area represents a strategic expansion<\/b> into Canada’s AI infrastructure landscape. The planned Tier III+ facility is specifically designed for high-density AI workloads, with technical specifications that address the intense power and cooling requirements of modern GPU clusters. The liquid-cooling systems supporting GPU racks of 150kW and higher<\/b> are particularly noteworthy, as they enable the hosting of advanced GPU clusters needed for the most demanding AI applications.<\/p>\n
The dual-purpose business model combines colocation services with the company’s own accelerated compute clusters, creating multiple revenue streams. This approach allows BUZZ HPC to serve various market segments simultaneously – from enterprises requiring dedicated infrastructure to organizations needing access to GPU resources without capital investment.<\/p>\n
Toronto represents an ideal location for this investment, sitting at the heart of Canada’s AI ecosystem with the Vector Institute, University of Toronto, and hundreds of AI startups. The facility’s integration with Bell Canada’s AI Fabric ecosystem further extends its market reach and utility, potentially accelerating adoption.<\/p>\n
The emphasis on sovereign AI infrastructure<\/b> addresses growing concerns about data governance and security, particularly for sensitive applications in enterprise, research, and government sectors. By keeping data processing within Canadian borders under Canadian law, BUZZ HPC positions itself to capture increasing demand from organizations with strict compliance requirements and data sovereignty concerns.<\/p>\n
This acquisition marks HIVE’s concrete progression from cryptocurrency mining into the high-growth AI infrastructure market. The 7.2MW Toronto facility provides HIVE with physical assets<\/b> and technical capabilities<\/b> needed to capitalize on the explosive demand for AI compute resources, particularly in scenarios requiring data sovereignty.<\/p>\n
The partnership with Bell Canada significantly enhances the go-to-market strategy, providing access to Bell’s established enterprise customer base and national network infrastructure. This relationship could accelerate customer acquisition beyond what BUZZ HPC could achieve independently.<\/p>\n
The focus on sovereign AI infrastructure directly addresses a critical market gap. As AI systems increasingly process sensitive data, organizations face growing regulatory and security pressures. Canada’s stable political environment, strong privacy laws, and talent ecosystem make it an attractive destination for AI workloads that require both performance and compliance with stringent data governance requirements.<\/p>\n
The liquid cooling technology specified for the facility enables power densities substantially higher than traditional air-cooled data centers, creating technical differentiation in a competitive market. This capability allows for hosting the latest generation of power-intensive AI accelerators, ensuring the facility remains relevant as hardware requirements continue to escalate.<\/p>\n
With this acquisition, HIVE establishes itself in the specialized AI infrastructure segment<\/b> rather than competing directly with hyperscale cloud providers. This niche positioning – focused on sovereignty, specialized cooling, and integration with Canada’s AI ecosystem – represents a potentially sustainable competitive advantage in the rapidly evolving AI landscape.<\/p>\n
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\n 09\/18\/2025 – 01:00 AM
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\n <\/p>\nThis news release constitutes a “designated news release” for the purposes of the Company’s amended and restated prospectus supplement dated May 14, 2025, to its short form base shelf prospectus dated September 11, 2024.<\/p>\n
Vancouver, British Columbia–(Newsfile Corp. – September 18, 2025) – BUZZ High Performance Computing (“BUZZ HPC”), a wholly owned subsidiary of HIVE<\/a> Digital Technologies Ltd. (TSXV: HIVE<\/a>) (NASDAQ: HIVE<\/a>) (FSE: YO0) (the “Company” or “HIVE”), a Canadian AI cloud provider and NVIDIA Cloud Partner, today announced the acquisition of a 7.2-megawatt (MW) data centre site in the Greater Toronto Area (GTA).<\/p>\n
The site will form the foundation of a new Tier III+ data centre built specifically for AI workloads. The facility will serve dual purposes: offering colocation services to enterprises, institutions, and governments seeking sovereign data infrastructure, and deploying BUZZ HPC’s own accelerated compute clusters to support high-performance AI development and deployment.<\/p>\n
This site will also support BUZZ HPC’s recently announced partnership with Bell Canada and its Bell AI Fabric ecosystem, expanding access to sovereign accelerated compute infrastructure nationwide.<\/p>\n
Engineered for sustainability and performance, the facility will leverage Ontario’s clean electricity grid and deploy liquid-cooling systems capable of supporting GPU racks of 150 kW and higher. This design enables hosting of the most advanced GPU clusters, optimized for high-density AI training, fine-tuning, and inference.<\/p>\n
Craig Tavares, President and COO of BUZZ HPC, stated: “This acquisition represents an important step forward for BUZZ HPC and for Toronto’s role in the growing AI sector. Together with the Bell AI Fabric partnership, the new data center will provide the power and infrastructure needed to support Canadian research, business innovation, and secure, high-performance deployments. Whether through colocation services or direct access to our accelerated compute clusters, our customers and partners will benefit from infrastructure designed for scalability, reliability, and data sovereignty.”<\/p>\n
![\"Cannot](\"https:\/\/www.europesays.com\/ie\/wp-content\/uploads\/2025\/09\/266946_1cb2166584e488a0_002.jpg\")
<\/a><\/p>\nFigure 1: Exterior photo of BUZZ HPC’s 7.2 MW Toronto Data Center<\/p>\n
To view an enhanced version of this graphic, please visit:
https:\/\/images.newsfilecorp.com\/files\/5335\/266946_1cb2166584e488a0_002full.jpg<\/a><\/p>\nWhy Sovereign AI Infrastructure Matters<\/b><\/p>\n
Sovereign AI infrastructure ensures sensitive data stays in Canada under Canadian law, protecting it from foreign regulations. By keeping facilities Canadian-owned and operated, BUZZ HPC helps secure the country’s digital independence, safeguard critical data from geopolitical risks, and provide universities, researchers, and startups with local access to GPU power. By investing in this sector, we aim to drive economic growth, generate high-value employment, and reinforce Canada’s leadership in AI.<\/p>\n
Toronto’s Role in Canada’s AI Future<\/b><\/p>\n
Toronto is home to a globally recognized AI ecosystem, anchored by the Vector Institute, the University of Toronto, other leading institutions, and hundreds of startups. The GTA has attracted billions in AI investment and built one of North America’s fastest-growing AI workforces. By adding sovereign, sustainable compute capacity in the heart of this ecosystem, BUZZ HPC strengthens Canada’s ability to innovate securely and compete globally.<\/p>\n
![\"Cannot](\"https:\/\/www.europesays.com\/ie\/wp-content\/uploads\/2025\/09\/266946_1cb2166584e488a0_003.jpg\")
<\/a><\/p>\nFigure 2: Geographical location of BUZZ HPC’s growing Canadian footprint<\/p>\n
To view an enhanced version of this graphic, please visit:
https:\/\/images.newsfilecorp.com\/files\/5335\/266946_1cb2166584e488a0_003full.jpg<\/a><\/p>\nAbout BUZZ HPC<\/b><\/p>\n
BUZZ High Performance Computing (BUZZ HPC), a wholly owned subsidiary of HIVE Digital Technologies Ltd. (TSXV: HIVE) and an NVIDIA Cloud Partner, delivers enterprise-grade cloud services and large-scale NVIDIA GPU clusters. The platform supports a suite of managed services, including Kubernetes, Slurm, virtual machines, and bare-metal deployments optimized for AI, machine learning, and scientific workloads. <\/p>\n
Headquartered in Canada with a global reach, BUZZ HPC is one of the first and few Canadian sovereign AI platforms operating at scale. Since 2017, it has deployed supercomputing environments across Canada and the Nordics. Its Tier 3+ data centres powered entirely by renewable energy and engineered with ultra-low Power Usage Effectiveness (PUE) host thousands of industrial-grade GPUs across North America and Europe used for AI model training, fine-tuning and inference.<\/p>\n
Through its Green GPU initiative, BUZZ HPC combines AI innovation with sustainability, offering localized expertise and global infrastructure. <\/p>\n
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.<\/p>\n
Forward-Looking Information<\/b><\/p>\n
Except for the statements of historical fact, this news release contains “forward-looking information” within the meaning of applicable Canadian securities laws, which may include but is not limited to statements regarding: the expected deployment, timing, capacity, and expansion of BUZZ HPC’s NVIDIA-accelerated infrastructure; the potential impact on Canadian AI innovation, competitiveness, and economic growth; compliance with privacy, cybersecurity, and data residency regulations; the use of renewable energy; and any other future-oriented statements. Forward-looking information is based on current expectations, estimates, forecasts, and projections, as well as management’s beliefs and assumptions, including that the partnership will proceed as planned, infrastructure will be deployed on the expected timelines and within budget, demand for AI computing will continue to grow, and regulatory requirements will remain consistent with current expectations, and other related risks as more fully set out in the Company’s disclosure documents under the Company’s filings at www.sec.gov\/EDGAR<\/a> and www.sedarplus.ca<\/a>.<\/p>\n
Forward-looking information involves known and unknown risks, uncertainties, and other factors that may cause actual results, performance, or achievements to differ materially from those expressed or implied by such forward-looking information. Such factors include, but are not limited to: the risk that deployment timelines may change; that costs may exceed expectations; that demand for AI infrastructure may be lower than anticipated; that partnerships or regulatory approvals may not materialize as expected; and the risk factors described in the Company’s continuous disclosure documents available on SEDAR+ at www.sedarplus.ca<\/a>. Readers are cautioned not to place undue reliance on forward-looking information. The Company disclaims any obligation to update or revise any forward-looking information, whether as a result of new information, future events, or otherwise, except as required by law.<\/p>\n
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