BUZZ HPC Closes Acquisition of 7.2 MW Toronto Site to Build Data Centre for Sovereign AI Infrastructure
BUZZ HPC, a subsidiary of HIVE Digital Technologies (NASDAQ: HIVE), has acquired a 7.2-megawatt data centre site in the Greater Toronto Area. The facility will be developed into a Tier III+ data centre specifically designed for AI workloads, offering colocation services and accelerated compute clusters for AI development.
The strategic acquisition supports BUZZ HPC's partnership with Bell Canada and its Bell AI Fabric ecosystem. The facility will utilize Ontario's clean electricity grid and implement liquid-cooling systems supporting GPU racks of 150 kW and higher. This infrastructure ensures data sovereignty, keeping sensitive information within Canada under Canadian jurisdiction while supporting the country's growing AI ecosystem.
BUZZ HPC, una controllata di HIVE Digital Technologies (NASDAQ: HIVE), ha acquisito un sito di data centre da 7,2 megawatt nella Greater Toronto Area. L’impianto sarà sviluppato come data centre Tier III+ appositamente progettato per carichi di lavoro AI, offrendo servizi di colocation e cluster di calcolo accelerati per lo sviluppo dell’AI.
L'acquisizione strategica sostiene la partnership di BUZZ HPC con Bell Canada e il suo ecosistema Bell AI Fabric. L’impianto utilizzerà la rete elettrica pulita dell’Ontario e implementerà sistemi di raffreddamento a liquido in grado di supportare rack GPU di 150 kW e oltre. Questa infrastruttura garantisce la sovranità dei dati, mantenendo le informazioni sensibili all’interno del Canada sotto giurisdizione canadese, supportando al contempo l’ecosistema AI in crescita del paese.
BUZZ HPC, una subsidiaria de HIVE Digital Technologies (NASDAQ: HIVE), ha adquirido un sitio de centro de datos de 7,2 megavatios en el área de la Gran Toronto. El establecimiento se desarrollará como un centro de datos Tier III+ diseñado específicamente para cargas de trabajo de IA, ofreciendo servicios de colocation y clusters de cómputo acelerados para el desarrollo de IA.
La adquisición estratégica respalda la asociación de BUZZ HPC con Bell Canada y su ecosistema Bell AI Fabric. El centro utilizará la red eléctrica limpia de Ontario e implementará sistemas de enfriamiento por líquido que soportan racks GPU de 150 kW y más. Esta infraestructura garantiza la soberanía de los datos, manteniendo la información sensible dentro de Canadá bajo la jurisdicción canadiense, al tiempo que apoya el creciente ecosistema de IA del país.
BUZZ HPC, HIVE Digital Technologies (NASDAQ: HIVE)의 자회사인 7.2메가와트 데이터 센터 사이트를 그레이터 토론토 지역에 인수했습니다. 이 시설은 AI 작업 부하를 위해 특별히 설계된 Tier III+ 데이터 센터로 개발되며, 코로케이션 서비스와 AI 개발을 위한 가속 컴퓨트 클러스터를 제공합니다.
이 전략적 인수는 BUZZ HPC의 Bell Canada와의 파트너십 및 Bell AI Fabric 생태계를 뒷받침합니다. 이 시설은 온타리오의 청정 전력망을 이용하고 GPU 랙 150 kW 이상을 지원하는 액체 냉각 시스템을 구현합니다. 이 인프라는 데이터 주권을 보장하며 캐나다 관할 하에 민감한 정보를 캐나다 내에 보관하고, 동시에 국내의 성장하는 AI 생태계를 지원합니다.
BUZZ HPC, une filiale de HIVE Digital Technologies (NASDAQ: HIVE), a acquis un site de centre de données de 7,2 mégawatt dans la grande région de Toronto. L’installation sera développée en un centre de données Tier III+ spécialement conçu pour les charges de travail IA, offrant des services de colocations et des clusters de calcul accélérés pour le développement de l’IA.
Cette acquisition stratégique renforce le partenariat de BUZZ HPC avec Bell Canada et son écosystème Bell AI Fabric. L’installation utilisera le réseau d’électricité propre de l’Ontario et mettra en œuvre des systèmes de refroidissement par liquide supportant des racks GPU de 150 kW et plus. Cette infrastructure assure la souveraineté des données, en conservant les informations sensibles au Canada sous sa juridiction et en soutenant l’écosystème IA en pleine croissance du pays.
BUZZ HPC, eine Tochtergesellschaft von HIVE Digital Technologies (NASDAQ: HIVE), hat in der Greater Toronto Area einen 7,2-Megawatt-Datenzentrum-Standort erworben. Die Anlage wird zu einem Tier-III+-Rechenzentrum entwickelt, das speziell für KI-Arbeitslasten ausgelegt ist, mit Colocation-Diensten und beschleunigten Compute-Clustern für die KI-Entwicklung.
Die strategische Übernahme unterstützt BUZZ HPCs Partnerschaft mit Bell Canada und dessen Bell AI Fabric-Ökosystem. Die Einrichtung wird Ontarios sauberen Stromnetz nutzen und Flüssigkeitskühlungssysteme implementieren, die GPU-Racks von 150 kW und mehr unterstützen. Diese Infrastruktur gewährleistet Datensouveränität, indem sensible Informationen innerhalb Kanadas unter kanadischer Rechtsordnung verbleiben, während sie das wachsende KI-Ökosystem des Landes unterstützt.
BUZZ HPC، هي شركة فرعية تابعة لـHIVE Digital Technologies (NASDAQ: HIVE)، استحوذت على موقع مركز بيانات بقدرة 7.2 ميغاوات في منطقة تورنتو الكبرى. ستطور المنشأة إلى مركز بيانات من المستوى Tier III+ مصمم خصيصاً لأعباء العمل في الذكاء الاصطناعي، مع خدمات التوضع ومجموعات حوسبة متسارعة لتطوير الذكاء الاصطناعي.
هذه الاستحواذ الاستراتيجي يدعم شراكة BUZZ HPC مع Bell Canada ونظام Bell AI Fabric البيئي. سيستخدم الموقع شبكة الكهرباء النظيفة في أونتاريو ويطبق أنظمة تبريد بالسائل تدعم رفوف GPU بقدرة 150 كيلوات وما فوق. هذه البنية التحتية تضمن سيادة البيانات، مع إبقاء المعلومات الحساسة داخل كندا وتحت الاختصاص الكندي، مع دعم النظام البيئي للذكاء الاصطناعي في البلاد.
BUZZ HPC，是HIVE Digital Technologies（纳斯达克：HIVE）的子公司，已在大多伦多地区收购一个< b>7.2兆瓦数据中心地点。该设施将开发为专门为人工智能工作负载设计的 Tier III+ 数据中心，提供托管服务和用于 AI 开发的加速计算集群。
此次战略收购支持 BUZZ HPC 与 Bell Canada及其 Bell AI Fabric 生态系统的伙伴关系。该设施将利用安大略省的清洁电力网，并实施支持 150 kW 及以上 的 GPU 机架的液体冷却系统。这一基础设施确保数据主权，使敏感信息在加拿大境内并受加拿大司法管辖，同时支持国内日益增长的 AI 生态系统。
- Strategic acquisition of 7.2 MW data centre site in Toronto's growing AI hub
- Partnership with Bell Canada expands nationwide compute infrastructure access
- Advanced liquid-cooling systems support high-density GPU clusters of 150+ kW
- Facility leverages Ontario's clean electricity grid for sustainable operations
- Strengthens Canada's sovereign AI infrastructure and data protection capabilities
- Significant power infrastructure investment required for facility development
- High operational costs associated with advanced cooling systems
- Competitive pressure in Toronto's growing data center market
Insights
HIVE's acquisition of a 7.2MW Toronto data center strengthens its AI infrastructure position, offering sovereign computing solutions in Canada's AI hub.
BUZZ HPC's acquisition of a 7.2MW data center site in the Greater Toronto Area represents a strategic expansion 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 are particularly noteworthy, as they enable the hosting of advanced GPU clusters needed for the most demanding AI applications.
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.
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.
The emphasis on sovereign AI infrastructure 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.
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 and technical capabilities needed to capitalize on the explosive demand for AI compute resources, particularly in scenarios requiring data sovereignty.
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.
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.
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.
With this acquisition, HIVE establishes itself in the specialized AI infrastructure segment 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.
This 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.
Vancouver, British Columbia--(Newsfile Corp. - September 18, 2025) - BUZZ High Performance Computing ("BUZZ HPC"), a wholly owned subsidiary of HIVE Digital Technologies Ltd. (TSXV: HIVE) (NASDAQ: HIVE) (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).
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.
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.
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.
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."
Figure 1: Exterior photo of BUZZ HPC's 7.2 MW Toronto Data Center
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5335/266946_1cb2166584e488a0_002full.jpg
Why Sovereign AI Infrastructure Matters
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.
Toronto's Role in Canada's AI Future
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.
Figure 2: Geographical location of BUZZ HPC's growing Canadian footprint
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5335/266946_1cb2166584e488a0_003full.jpg
About BUZZ HPC
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.
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.
Through its Green GPU initiative, BUZZ HPC combines AI innovation with sustainability, offering localized expertise and global infrastructure.
Learn more at https://www.buzzhpc.ai.
For further information, please contact:
Craig Tavares, BUZZ HPC President and COO
Tel: (604) 664-1078
About HIVE Digital Technologies Ltd.
Founded in 2017, HIVE Digital Technologies Ltd. builds and operates sustainable blockchain and AI infrastructure powered by renewable hydroelectric energy. With a global footprint across Canada, Sweden, and Paraguay, HIVE is committed to operational excellence, green energy leadership, and creating long-term value for its shareholders and host communities.
For more information, visit hivedigitaltech.com and https://www.buzzhpc.ai
For further information, please contact:
Nathan Fast, Director of Marketing and Branding
Frank Holmes, Executive Chairman
Aydin Kilic, President & CEO
Tel: (604) 664-1078
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.
Forward-Looking Information
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 and www.sedarplus.ca.
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. 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.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/266946
FAQ
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