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HIVE Digital has formalized the purchase of a data center of 7.2 megawatts located in Toronto, marking an important milestone in the development of its new subsidiary, BUZZ HPC and in AI.  This operation marks HIVE’s first direct investment in high-performance computing infrastructure dedicated to artificial intelligence. The Toronto site is located in the heart of the main Canadian tech hub, which increases its strategic value. HIVE’s stated goal is to ensure a strong presence for the growth of a sovereign AI infrastructure in Canada, leveraging the potential of advanced computing and digital storage capacity. AI news: strategic acquisition by HIVE for the data center in Toronto The data center will be updated to Tier 3 certification standards, which ensure high reliability and availability of the systems.  Particularly important is the project to implement a liquid cooling system, a cutting-edge technology that allows for efficient management of the heat produced by intensive workloads. This will enable the support of high-performance machinery such as the 5,000 next-generation GPUs planned for installation. The structure will serve as the first data center entirely owned and operated by BUZZ HPC, thus allowing complete control over the infrastructures and service quality. Additionally, it will host large-scale AI training activities, inference, and cloud services dedicated not only to companies but also to government entities and academic institutions. This operation reflects the rapid increase in the global demand for high-performance computing infrastructure necessary for artificial intelligence projects. As a result, many data center operators who previously focused on crypto mining are repurposing their resources to ride the AI bull trend. Thus, the acquisition of HIVE in Toronto marks a key step in the transformation towards more advanced computing services, highlighting the group’s willingness to be among the leading players in this emerging market. Financial results and diversification…

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Filed under: News - @ June 23, 2025 10:25 pm