HIVE Digital Technologies .(US:HIVE) Newsfile·2025-06-23 05:28Core Viewpoint - HIVE Digital Technologies Ltd. has signed a purchase and sale agreement to acquire a facility in Toronto, Canada, with a total installed capacity of approximately 7.2 megawatts, aimed at enhancing its high-performance computing infrastructure and supporting the development of a sovereign Canadian AI ecosystem [3][4]. Company Developments - The acquisition will enable BUZZ High Performance Computing Inc. to deploy advanced liquid-cooled compute infrastructure for AI workloads, including large-scale training and cloud services for Canadian enterprises and government initiatives [4][5]. - This facility is positioned in Toronto, recognized as Canada's largest tech hub, which is crucial for higher education, AI research, and fiber optic connectivity [5][6]. - The Toronto data center will serve as a foundational pillar for HIVE's long-term vision of building next-generation compute infrastructure in Canada [5][6]. Strategic Importance - The acquisition is part of HIVE's strategy to lead in the digital infrastructure evolution in Canada, ensuring data residency, security, and innovation leadership [5][6]. - HIVE aims to contribute to the development and hosting of Canadian data, AI models, and intellectual property on Canadian soil, amidst a competitive landscape for sovereign data centers [5][6]. Sustainability Commitment - HIVE is committed to sustainable digital infrastructure, with plans to integrate green energy sources into its operations [6][7]. - The facility will be upgraded to Tier 3 standards, allowing it to operate a GPU cloud of up to 5,000 next-generation GPUs for AI compute [7][9]. Leadership and Vision - The leadership of BUZZ HPC, under Craig Tavares, is focused on accelerating HIVE's vision to become a leader in Canada's high-performance computing data center industry [7][9]. - HIVE's commitment to operational excellence and green energy leadership is emphasized as it continues to scale its operations [9].