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Friday, June 27, 2025

HIVE Digital acquires Toronto facility to construct AI DC


Hive Digital famous that the acquisition marks a strategic transfer to increase high-performance computing (HPC) capability by way of its subsidiary, Buzz Excessive Efficiency Computing

In sum, what to know:

Hive expands into sovereign AI – Hive Digital acquires a 7.2 MW facility in Toronto to assist Buzz HPC’s launch of a Canadian-owned AI information heart with liquid-cooled infrastructure.

5,000 GPU-ready improve – The positioning might be upgraded to Tier 3 requirements and is anticipated to energy as much as 5,000 next-gen GPUs for high-performance AI and cloud computing.

Deal with nationwide information safety – Designed to serve Canadian enterprises and public sector wants, the challenge emphasizes information residency, sovereignty, and inexperienced power integration.

Hive Digital Applied sciences has introduced the acquisition of a knowledge heart property in Toronto, Canada, with a complete put in capability of roughly 7.2 megawatts.

In a launch, the Canadian firm famous that the acquisition marks a strategic transfer to increase high-performance computing (HPC) capability by way of its subsidiary, Buzz Excessive Efficiency Computing, and helps the event of a Canadian-controlled AI ecosystem.

Positioned within the nation’s main expertise hub, the positioning will change into Buzz HPC’s first owned Tier 3 facility. It’s set to be upgraded with liquid-cooling capabilities and superior GPU infrastructure designed to fulfill rising demand for AI coaching, inference and sovereign cloud providers, the agency mentioned.

Craig Tavares, president and COO of Buzz HPC, mentioned: “Toronto shouldn’t be solely the biggest metropolis in Canada, but additionally the nation’s most necessary heart for increased training, AI analysis, and dense fiber optic connectivity.  With the explosion of demand for HPC and AI compute capability, this Toronto website provides us a vital footprint to develop a sovereign AI information heart — owned and operated in Canada by a Canadian public firm — guaranteeing information residency, safety, and nationwide innovation management.”

Frank Holmes, govt chairman of Buzz HPC and Hive, added: “As Hive continues to scale, so now does Buzz announce its scale, launching our Canadian sovereign technique. This website might be Buzz’s first owned and operated Tier 3 information heart, which might be strategically aligned with sovereign incentives. We are going to lead Canadian expertise requirements within the information heart business, as we’ll improve this website to liquid-cooled Tier 3 requirements to energy the following era of GPUs for AI compute. We anticipate, as soon as the improve is full, this facility can function a GPU cloud of as much as 5,000 subsequent era GPUs for AI compute.”

The power will serve Canadian enterprises, researchers and authorities shoppers with a concentrate on information residency, nationwide safety and innovation. The improve is anticipated to permit the middle to host as much as 5,000 next-generation GPUs, making a safe, scalable setting for AI workloads totally inside Canadian borders.

Hive was based and went public in 2017. The agency has mining websites in Canada, Sweden, and Paraguay.

Initially referred to as Hive Cloud, Buzz provides entry to Nvidia H100s, A6000s, A5000s, A40s and H200s. Its cloud at the moment totals 2.2MW of capability throughout Stockholm, Sweden (800kW) and Montreal, Canada (1.4MW).

In different AI infrastructure information, Jabil introduced it intends to speculate roughly $500 million over the following a number of years to increase its footprint within the Southeast U.S. to assist cloud and AI information heart infrastructure prospects.

This strategic funding builds on Jabil’s latest acquisition of New Hampshire-based Mikros Applied sciences, a supplier of liquid cooling and thermal administration options. Mikros Applied sciences serves a variety of industries, together with AI information heart infrastructure, power storage and semiconductor testing.

Jabil is within the remaining levels of website choice and expects it to be operational by mid-calendar 12 months 2026.

“To safe America’s future in synthetic intelligence, it’s essential that we construct the {hardware} that powers AI innovation proper right here at house. Home manufacturing isn’t simply an financial precedence; it’s a matter of nationwide safety. We’re proud to increase Jabil’s U.S. manufacturing unit community, scaling our capabilities to raised assist the rising wants of our information heart prospects,” mentioned Matt Crowley, EVP of world enterprise items at Jabil.

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