Hive Digital boosts AI infrastructure push with new 320 MW site

Hive Digital announced a 320 MW sovereign AI infrastructure, built and operated through the BUZZ HPC branch. BUZZ is building scalable AI infrastructure to boost Canada’s compute capacity.

Hive Digital Technologies (TSX: HIVE) will use its wholly-owned subsidiary, Buzz High Performance Computing, Inc., for a major infrastructure investment in Ontario. The facility in the Greater Toronto Area will also be known as an ‘AI gigafactory’, with access to 320MW in utility capacity.

The project will become one of Canada’s biggest data centers, with more than 100,000 GPUs at completion. The facility targets AI startups and other needs for high-capacity computation for business purposes.

Hive Digital to own a large share of Canada’s computation capacity

Buzz HPC acquired 21 acres of land for its main site, in a purchase valued at $46M, with an additional 4-acre site acquired for $12M. Both locations have secured access to the grid, the main bottleneck in AI data center creation. Hive Digital follows a recent announcement by Hut for another large-scale investment in AI computation, as Cryptopolitan reported.

Hive Digital retains its access to older high-capacity locations for Bitcoin mining. The company still produces around 2% of the network’s capacity. The experience and access to the energy grid push Hive as a top candidate for a pivot to AI.

Buzz will position its data centers close to one of Canada’s largest metropolitan areas, servicing a technology hub with low latency. The AI infrastructure will rebuild Canada’s backbone, offering access to technological companies, financial services, and general AI models.

“BUZZ has done a phenomenal job expanding our footprint in Canada. With 5,500 GPUs online today doing AI compute, along with our 70 MW New Brunswick Grand Falls site, and now our 320 MW GTA site, we have the land and power to develop a pipeline of infrastructure to support approximately 130,000 GPUs,” said Aydin Kilic, President & CEO of HIVE Digital Technologies.

The data centers are also within one of the high-capacity 100-kilometer corridors for global AI computation. The facility will come online in the second half of 2027, following a $2.55B investment. The data center will partner with the University of Toronto and the Vector Institute.

BUZZ will also use an efficient closed-loop cooling system and a share of its electricity will be provided by renewable sources.

HIVE trades near a one-month high

HIVE is among the leading Bitcoin mining stocks to benefit from a pivot to AI. HIVE traded at a one-month high at $2.69, though still far from its peak above $6 in October 2026.

The company is still somewhat correlated with crypto pricing. Hive Digital was founded in 2017 and was one of the first public companies to focus on digital asset mining through green energy. The company also shrank its BTC treasury to boost investments in AI, selling in December 2025. Now, Hive Digital is down to around 481 BTC, a relatively minor treasury compared to other former mining companies.

Hive already controls several Tier-I and Tier-III data centers in Canada, Sweden, and Paraguay, combining BTC mining with high-performance computing. The company has shifted from the ‘data center’ model, instead calling its facilities ‘data factories’, with more agile compute capabilities on high-powered GPUs.

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