Hive Digital Technologies (HIVE) has signed an agreement to buy a 7.2-Megawatt data center in Toronto, Canada, with the aim of transforming it into a cornerstone of artificial intelligence (AI) infrastructure through its subsidiary Buzz HPC.
The facility is expected to become Buzz HPC’s first tier 3 -data center. It will be upgraded to support fluid cooling and host of up to 5,000 next generation GPUs, enabling large-scale AI model training and inferencies. The company says the infrastructure will also support Canadian business and the government’s workload, which strengthens the country’s digital sovereignty.
“With the explosion of the demand for HPC and AI calculation capacity, this Toronto -place gives us a critical footprint to develop a superb AI data center -owned and operated in Canada by a Canadian public company -ensures data stay, security and national innovation leadership,” said Craig Tavares, President and Head of Operations.
The move comes in the midst of a global race to build National AI infrastructure, where countries fighting for calculation capacity to keep up with the broken pace of generative AI development.
The purchase also signalizes Buzz HPC’s first big steps to operate its own facility. Hive, which started as a crypto-mining company, continues to change against AI and cloud services with a special focus on sustained driven infrastructure.
Other Bitcoin mine workers such as Core Scientific (Corz) have similarly diversified to the AI sector to increase their income stream.
