HIVE Digital Technologies (HIVE) has signed an agreement to buy a 7.2-megawatt data center in Toronto, Canada, aiming to transform it into a cornerstone for artificial intelligence (AI) infrastructure through its subsidiary BUZZ HPC.
The facility is expected to become BUZZ HPC’s first Tier 3 data center. It will be upgraded to support liquid cooling and host up to 5,000 next-generation GPUs, enabling large-scale AI model training and inference. The company says the infrastructure will also support Canadian enterprise and government workloads, reinforcing the country’s digital sovereignty.
“With the explosion of demand for HPC and AI compute capacity, this Toronto site gives us a critical footprint to develop a sovereign AI data center — owned and operated in Canada by a Canadian public company — ensuring data residency, security, and national innovation leadership,” said Craig Tavares, president and chief operating officer of BUZZ HPC.
The move comes amid a global race to build national AI infrastructure, with countries vying for compute capacity to keep up with the breakneck pace of generative AI development.
The acquisition also signals BUZZ HPC’s first major step into operating its own facility. HIVE, which started as a crypto mining company, continues to shift toward AI and cloud services, with a particular focus on renewable-powered infrastructure.
Other bitcoin miners such as Core Scientific (CORZ) have similarly diversified into the AI sector to boost their revenue stream.