Newsfile Corp
18 May 2026, 05:00 UTC · 3d ago
Source · https://www.newsfilecorp.com/release/297771/HIVEs-BUZZ-HPC-Announces-320-MW-Sovereign-AI-Infrastructure-in-Greater-Toronto-Area
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HIVE's subsidiary BUZZ is developing a 320 MW AI gigafactory in the Greater Toronto Area designed to host over 100,000 GPUs at full build-out. — Securing 320 MW of power and a path to hosting 100,000 GPUs represents a massive, transformative capacity expansion for a mid-cap company, potentially multiplying its current computing revenue scale.
+0.85HIVE now has over 850 MW of power globally, consisting of 450 MW of operating data centers and a pipeline of 400 MW of capacity expected online in 2027. — Achieving 850 MW of total global power capacity with a clear 2027 timeline for the 400 MW pipeline significantly expands the company's enterprise value ceiling and provides a concrete catalyst for future revenue growth.
+0.70BUZZ acquired approximately 25 acres of land for the AI gigafactory for a combined purchase price of $58 million. — The $58 million land acquisition is a material capital deployment that demonstrates tangible project execution and secures the critical real estate for the 320 MW power pathway, though the impact is moderated by the cash outflow.
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HIVE's pipeline of infrastructure across its portfolio is positioned to support approximately 130,000 GPUs. — A total pipeline capable of supporting 130,000 GPUs positions HIVE among the largest AI-native cloud providers globally, strongly validating its strategic pivot from purely crypto mining to high-performance AI computing.
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The company is launching a massive AI gigafactory project with 320 MW capacity, significantly expanding its global AI infrastructure footprint.
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