Business
RETRANSMISSION: HIVE's BUZZ HPC Announces 320 MW Sovereign AI Infrastructure in Greater Toronto Area
BUZZ is building industrial-scale infrastructure designed to help Canada scale compute capacity, ...
About this update from Hive Digital Technologies Ltd
[{"type":"text","content":"RETRANSMISSION: HIVE's BUZZ HPC Announces 320 MW Sovereign AI Infrastructure in Greater Toronto AreaBUZZ is building industrial-scale infrastructure designed to help Canada scale compute capacity, accelerate domestic AI adoption, and support the next generation of enterprise, research and public sector AI applications.Toronto, Ontario--(Newsfile Corp. - May 18, 2026) - HIVE Digital Technologies Ltd. (TSX: HIVE) (NASDAQ: HIVE) (FSE: YO0), through its wholly owned subsidiary BUZZ High Performance Computing Inc. (\"BUZZ HPC\" or \"BUZZ\"), today announced that BUZZ is advancing a major infrastructure investment in Ontario, anchored by a planned new industrial-scale AI infrastructure facility, also known as an AI gigafactory, in the Greater Toronto Area (\"GTA\") with approximately 320 megawatts (\"MW\") of utility capacity. The project is expected to become one of Canada's largest AI gigafactories, designed to support fully vertically integrated AI supercomputers and host more than 100,000 GPUs at full build-out. An AI gigafactory is the industrial infrastructure of the intelligence economy: a facility that converts compute into intelligence, helping make Canadian businesses more competitive.Canada Invented Modern AI. Now It Is Building the Factories That Will Own It. BUZZ High Performance Computing Inc. acquired land comprising approximately 21 acres (the \"Main Parcel\") for a purchase price of $46 million, as well as an additional parcel of land adjacent to the Main Parcel, measuring approximately 4 acres (the \"Additional Parcel\"), for a purchase price of $12 million. The Main Parcel and the Additional Parcel collectively comprise a contiguous site benefiting from a 320 MW power allocation. BUZZ has secured major milestones along the project's 320 MW power pathway to develop sovereign AI infrastructure in the Toronto-Waterloo innovation corridor. The project is designed to place massive industrial-scale compute directly inside Canada's largest metropolitan economy and one of North America's most important hubs for technology, financial services, and artificial intelligence.The vision of sovereign AI infrastructure is to provide the physical backbone for Canada's intelligence economy. Compute is the new sovereignty. Countries that own the machines will write the future. Countries that rent compute from data centers abroad will ...