HIVE’s BUZZ HPC Unveils $3.5 Billion, 320 MW AI Gigafactory—Aims for Sovereign Canadian Computing Power

Project Breaks Ground on 320 MW AI Facility Built for Canadian Control

HIVE Digital Technologies (TSX:HIVE; NASDAQ:HIVE) and its subsidiary BUZZ High Performance Computing (BUZZ HPC) have announced a landmark investment: a 320 MW artificial intelligence gigafactory planned for the Greater Toronto Area. Slated to become one of Canada’s largest AI infrastructure sites, the facility is designed to host more than 100,000 GPUs, giving Canadian businesses, researchers, and public sector organizations unprecedented local compute power.

A $3.5 Billion Bet on Domestic AI—Key Project Highlights

This venture is not just about scale—it’s about sovereignty. By building within the Toronto-Waterloo innovation corridor, BUZZ’s project will serve the heart of Canada’s AI research ecosystem and position national infrastructure just steps from major enterprise and talent hubs.

Sustainability and Scale: Infrastructure for the Intelligence Economy

BUZZ’s gigafactory emphasizes environmentally responsible design, leveraging Ontario’s clean energy resources while minimizing water use through closed-loop cooling systems. The site’s proximity to world-class research institutions like the University of Toronto and the Vector Institute, paired with direct access to a major financial and technology market, further strengthens its potential for nationwide impact.

Leadership Insights Point to Competitive Canadian Edge

HIVE’s executive team frames this project as a turning point for Canadian AI sovereignty. Frank Holmes, HIVE’s Executive Chairman, sees compute infrastructure as the “factory floor” of modern industrial economies, noting that, “At full build-out, this intelligence factory will deploy over 100,000 GPUs, creating one of North America's largest domestically controlled AI clusters.”

President and CEO Aydin Kilic adds that with 850 MW of global power footprint—450 MW operational and a further 400 MW pipeline—HIVE and BUZZ are positioned among the leading AI-native cloud providers worldwide, with new projects set to substantially boost domestic capacity.

BUZZ President Craig Tavares sees this as a pivotal investment in Canada’s future: “This gigafactory is the engine Canada needs to lead the intelligence economy.”

Long-Term Implications: AI Infrastructure as a National Strategic Priority

Beyond the numbers, the project aims for national self-reliance, supporting critical workloads for financial services, healthcare, scientific discovery, and government use—operations that benefit from being run under Canadian control. As AI adoption crosses industry boundaries, local compute capacity may become essential for security, responsiveness, and competitiveness.

For those watching Canada’s AI aspirations, this announcement offers a glimpse of how digital infrastructure investments are becoming cornerstones of national strategy—not just for economic growth, but for sovereignty in a data-driven age.

Key Takeaway: Canada’s AI Future Gets a Boost from Homegrown Supercomputing

HIVE’s latest move could mark a turning point for Canadian AI, shifting the narrative from research leadership alone to real, at-scale ownership of compute resources. For investors, technologists, and policymakers, it places a spotlight on infrastructure as a strategic differentiator—one worth watching as the project progresses towards its 2027 target.

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