HIVE Digital Plans Canadian AI Hub After Buying 7.2 MW Site in Toronto

HIVE Digital Acquires 7.2 MW Toronto Facility to Launch Canadian AI Data Center

HIVE Digital Technologies (HIVE) is expanding its presence in artificial intelligence infrastructure with the acquisition of a 7.2-megawatt data center in Toronto. The site will serve as the first Tier 3 facility for its AI-focused subsidiary, BUZZ HPC.

The company plans to upgrade the site with advanced liquid cooling capabilities, enabling it to host up to 5,000 high-performance GPUs. The center will support training and inference of large-scale AI models, while also providing enterprise and government cloud computing services, with an emphasis on maintaining Canadian data sovereignty.

“This acquisition marks a critical milestone in our mission to deliver sovereign, AI-powered infrastructure from within Canada,” said Craig Tavares, President and COO of BUZZ HPC. “We’re building a homegrown platform that ensures secure, compliant, and scalable compute for Canadian innovation.”

The investment comes as demand for AI compute capacity grows rapidly across industries and governments. Countries are racing to localize infrastructure amid heightened concerns around data privacy, security, and technological independence.

For BUZZ HPC, this is its first wholly owned and operated site. For HIVE, it signals a continued shift from its crypto mining roots into the broader world of high-performance computing and sustainable AI infrastructure.

Other mining firms, such as Core Scientific (CORZ), are also pivoting toward AI and data services in response to market changes and the growing need for alternative revenue streams.