HIVE Digital Technologies Completes Acquisition of 7.2 MW Toronto Data Center to Fuel BUZZ's HPC and AI Expansion in Canada
HIVE Digital Technologies (NASDAQ: HIVE) has acquired a 7.2 MW data center in Toronto through its subsidiary BUZZ High Performance Computing. The acquisition, valued at CAD$17.25 million, was completed through a combination of CAD$12 million cash payment and 1 million common shares at CAD$5.25 per share.
The facility will be upgraded from Tier 1 to Tier 3 standards to support BUZZ's expansion in AI and HPC services. This strategic move aligns with HIVE's dual-growth strategy, which includes Bitcoin mining operations currently at 18 EH/s with plans to reach 25 EH/s by end of 2025. The acquisition complements BUZZ's existing partnership with Bell Canada and strengthens HIVE's position in the Canadian digital infrastructure market.
HIVE Digital Technologies (NASDAQ: HIVE) ha acquisito un data center da 7,2 MW a Toronto tramite la sua controllata BUZZ High Performance Computing. L'acquisizione, valutata CAD 17,25 milioni, è stata perfezionata tramite una combinazione di CAD 12 milioni in contanti e 1 milione di azioni ordinarie a CAD 5,25 per azione.
L'impianto sarà aggiornato da Tier 1 a Tier 3 per supportare l'espansione di BUZZ nei servizi di AI e HPC. Questa mossa strategica è in linea con la strategia di crescita duale di HIVE, che comprende operazioni di mining di Bitcoin attualmente a 18 EH/s con piani per raggiungere 25 EH/s entro la fine del 2025. L'acquisizione integra la partnership esistente di BUZZ con Bell Canada e rafforza la posizione di HIVE nel mercato canadese delle infrastrutture digitali.
HIVE Digital Technologies (NASDAQ: HIVE) ha adquirido un centro de datos de 7,2 MW en Toronto a través de su filial BUZZ High Performance Computing. La adquisición, valorada en CAD 17,25 millones, se completó mediante una combinación de CAD 12 millones en efectivo y 1 millón de acciones comunes a CAD 5,25 por acción.
La instalación se actualizará de Tier 1 a Tier 3 para apoyar la expansión de BUZZ en los servicios de IA y HPC. Este movimiento estratégico se alinea con la estrategia de crecimiento dual de HIVE, que incluye operaciones de minería de Bitcoin actualmente en 18 EH/s con planes para alcanzar 25 EH/s para fines de 2025. La adquisición complementa la asociación existente de BUZZ con Bell Canada y fortalece la posición de HIVE en el mercado canadiense de infraestructura digital.
HIVE Digital Technologies (NASDAQ: HIVE)가 BUZZ High Performance Computing 자회사를 통해 토론토의 7.2MW 데이터 센터를 인수했습니다. 인수 가치는 CAD 1,725만 달러로 현금 CAD 1,200만 달러 지급과 CAD 5.25달러의 주식 100만 주를 통한 조합으로 완료되었습니다.
시설은 BUZZ의 AI 및 HPC 서비스 확장을 지원하기 위해 Tier 1에서 Tier 3 표준으로 업그레이드될 예정입니다. 이 전략적 조치는 HIVE의 이중 성장 전략과 맞물려 있으며, 현재 18 EH/s에 달하는 비트코인 채굴 운영과 2025년 말까지 25 EH/s 도달 계획을 포함합니다. 이 인수는 BUZZ와 Bell Canada의 기존 파트너십을 보완하고 캐나다 디지털 인프라 시장에서 HIVE의 입지를 강화합니다.
HIVE Digital Technologies (NASDAQ: HIVE) a acquis un centre de données de 7,2 MW à Toronto via sa filiale BUZZ High Performance Computing. L'acquisition, évaluée à CAD 17,25 millions, a été réalisée par une combinaison de CAD 12 millions en espèces et 1 million d’actions ordinaires à CAD 5,25 par action.
L’installation sera modernisée du niveau Tier 1 au niveau Tier 3 pour soutenir l’expansion des services d’IA et de HPC de BUZZ. Cette démarche stratégique s’inscrit dans la stratégie de double croissance de HIVE, qui comprend des opérations de minage de Bitcoin actuellement à 18 EH/s avec des plans visant 25 EH/s d’ici la fin de 2025. L’acquisition complète le partenariat existant de BUZZ avec Bell Canada et renforce la position de HIVE sur le marché canadien des infrastructures numériques.
HIVE Digital Technologies (NASDAQ: HIVE) hat über seine Tochtergesellschaft BUZZ High Performance Computing ein 7,2-MW-Rechenzentrum in Toronto erworben. Die Übernahme, mit CAD 17,25 Millionen bewertet, wurde durch eine Kombination aus CAD 12 Millionen Barkauf und 1 Million Stammaktien zu CAD 5,25 pro Aktie abgeschlossen.
Die Einrichtung wird von Tier 1 auf Tier 3 aufgerüstet, um BUZZs Expansion in KI- und HPC-Dienstleistungen zu unterstützen. Dieser strategische Schritt passt zur Dual-Growth-Strategie von HIVE, zu der derzeit Bitcoin-Mining-Operationen bei 18 EH/s gehören, mit Plänen, bis Ende 2025 25 EH/s zu erreichen. Die Übernahme ergänzt BUZZs bestehende Partnerschaft mit Bell Canada und stärkt HIVEs Position im kanadischen Markt für digitale Infrastruktur.
HIVE Digital Technologies (NASDAQ: HIVE) استحوذت على مركز بيانات بسعة 7.2 ميغاوات في تورنتو من خلال شركتها التابعة BUZZ High Performance Computing. بلغت قيمة الاستحواذ CAD 17.25 مليون، وتم عبر مزيج من دفعة نقدية CAD 12 مليون و 1 مليون سهم عادي بسعر CAD 5.25 للسهم.
سيتم ترقية المرفق من Tier 1 إلى Tier 3 لدعم توسع BUZZ في خدمات AI والحوسبة عالية الأداء. تندرج هذه الخطوة الاستراتيجية ضمن استراتيجية النمو المزدوج لـ HIVE، التي تتضمن عمليات تعدين بيتكوين حالياً عند 18 EH/s مع خطط للوصول إلى 25 EH/s بحلول نهاية 2025. تدعم هذه الصفقة شراكة BUZZ الحالية مع Bell Canada وتقوي موقع HIVE في سوق البُنى التحتية الرقمية الكندية.
HIVE Digital Technologies（NASDAQ: HIVE） 通过其子公司 BUZZ High Performance Computing 收购了多伦多一座 7.2MW 的数据中心。此次收购估值为 CAD 1725 万美元，交易以 CAD 1200 万美元现金支付并以 CAD 5.25 美元/股发行 100 万股普通股完成。
该设施将从 Tier 1 升级到 Tier 3，以支持 BUZZ 在人工智能与高性能计算服务方面的扩张。这一战略举措与 HIVE 的双重增长战略相一致，该战略包括目前在 18 EH/s 的比特币挖矿业务，计划在 2025 年底前达到 25 EH/s。此次收购完善了 BUZZ 与 Bell Canada 的现有伙伴关系，并加强了 HIVE 在加拿大数字基础设施市场的地位。
- Strategic acquisition of 7.2 MW Toronto data center expanding AI and HPC capabilities
- Bitcoin mining operations reached 18 EH/s with funded plans to reach 25 EH/s by end-2025
- Facility upgrade from Tier 1 to Tier 3 standards enhancing service capabilities
- Strengthened partnership with Bell Canada in Canadian market
- CAD$12 million cash expenditure for acquisition
- 1 million share issuance causing potential dilution
- Four-month hold period restriction on issued shares
- Pending TSXV approval requirement for the acquisition
Insights
HIVE's $17.25M acquisition of a Toronto data center strengthens its dual-growth strategy in Bitcoin mining and AI/HPC infrastructure.
HIVE Digital Technologies has made a strategic move by acquiring a 7.2 MW data center in Toronto for
The company is methodically transforming from a pure Bitcoin mining operation into a diversified digital infrastructure provider. Through its BUZZ subsidiary, HIVE is repurposing former Bitcoin mining facilities into higher-value Tier 3 data centers optimized for AI and high-performance computing workloads. The planned upgrade from Tier 1 to Tier 3 standards is significant - this represents a substantial improvement in infrastructure reliability, from basic power and cooling to redundant systems with 99.982% uptime capabilities.
This acquisition strengthens BUZZ's partnership with Bell Canada, creating synergies in the Canadian market. For investors, this represents a diversification play that hedges against Bitcoin mining volatility while positioning for growth in the AI infrastructure sector.
On the Bitcoin mining front, HIVE has already reached 18 exahashes per second and plans to reach 25 EH/s by year-end. This puts HIVE among the top-tier Bitcoin mining operations globally. The dual focus on traditional Bitcoin mining alongside AI infrastructure development presents a balanced approach to digital asset infrastructure that leverages existing expertise while expanding into higher-margin business lines.
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.
San Antonio, Texas--(Newsfile Corp. - September 17, 2025) - HIVE Digital Technologies Ltd. (TSXV: HIVE) (NASDAQ: HIVE) (FSE: YO0) (the "Company" or "HIVE"), a diversified multinational digital infrastructure company, today announced the successful acquisition of a 7.2 megawatt (MW) data center in Toronto, Canada, through its wholly owned subsidiary, BUZZ High Performance Computing ("BUZZ").
The Toronto facility will be upgraded from Tier 1 to Tier 3 standards, significantly expanding BUZZ's Canadian footprint and reinforcing its role as HIVE's dedicated platform for High Performance Computing (HPC) and artificial intelligence (AI) growth. This strategic acquisition positions BUZZ to address the growing demand for AI, machine learning, and enterprise cloud solutions with energy-efficient infrastructure.
The acquisition also complements BUZZ's preferred partnership with Bell Canada, as announced on August 19, 2025, further strengthening HIVE's presence in the Canadian digital infrastructure market.
Frank Holmes, Executive Chairman of HIVE, stated:
"BUZZ is driving our HPC and AI strategy forward, and this acquisition marks a pivotal step in expanding our Canadian data center portfolio. By transforming former Bitcoin mining facilities into Tier 3, AI-ready infrastructure, we are capitalizing on one of the most exciting opportunities in the digital economy. HIVE's investment in BUZZ underscores our commitment to leading this transformation."
HIVE's Dual-Engine Growth Strategy
- Bitcoin Mining: Achieved 18 exahashes per second (EH/s) on September 2, 2025, with a fully funded plan to reach 25 EH/s by the end of 2025.
- High Performance Computing: Scaling BUZZ's Tier 3 data centers and deploying advanced GPU infrastructure to meet the demand for AI and HPC workloads.
Transaction Details
In consideration for the Acquisition, HIVE paid to the Vendor CAD
All of the HIVE Shares issued in connection with the Acquisition are subject to a hold period of four months and one day from the date of issuance. The Acquisition is subject to acceptance of the TSX Venture Exchange (the "TSXV") as an "expedited acquisition" in accordance with TSXV Policy 5.3 - Acquisitions and Dispositions of Non-Cash Assets. Each of the Vendor and the Principal is an arm's length party to the Company.
About HIVE Digital Technologies Ltd.
HIVE Digital Technologies Ltd. is a global pioneer in green digital infrastructure. Established in Canada in 2017 as the first TSX-V listed publicly traded crypto-miner powered by renewable energy, HIVE has evolved into a diversified technology company with two core pillars: Bitcoin mining and HPC through its BUZZ HPC subsidiary.
For more information, visit hivedigitaltech.com, or connect with us on:
X: https://x.com/HIVEDigitalTech
YouTube: https://www.youtube.com/@HIVEDigitalTech
Instagram: https://www.instagram.com/hivedigitaltechnologies/
LinkedIn: https://linkedin.com/company/hiveblockchain
On Behalf of HIVE Digital Technologies Ltd.
"Frank Holmes"
Executive Chairman
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/266898
FAQ
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