HIVE Digital Technologies Subsidiary, BUZZ High Performance Computing, Accelerates Canada's AI Industrial Revolution with Dell Technologies for its AI Cloud Expansion

Core Insights - HIVE Digital Technologies, through its subsidiary BUZZ High Performance Computing, has partnered with Dell Technologies to enhance its AI infrastructure in Canada, marking a significant step in the country's AI industrial revolution [1][2] Group 1: Partnership and Infrastructure Development - BUZZ will deploy a 63 node cluster of liquid-cooled Dell PowerEdge XE9680L servers, utilizing 504 latest generation GPUs optimized for AI computing [2] - The deployment will occur at the Bell AI Fabric data center, building on an existing partnership with Bell to expand its sovereign AI Cloud [2] - BUZZ has achieved Bronze status in the Semi-Analysis ClusterMax™ rankings, indicating its technical leadership in the AI cloud sector [3] Group 2: Future Expansion Plans - BUZZ is planning to support an additional 2,000 latest generation GPUs at its facilities in Canada and Sweden, targeting a total of over 6,000 GPUs for its AI Cloud by the end of 2026 [4] - This expansion is projected to generate an additional $120 million in annual run-rate revenue (ARR) with an operating margin of 80% after costs, in addition to the current $20 million ARR [4] - With over 5,000 GPUs already operational, the total for BUZZ AI Cloud is expected to exceed 11,000 GPUs by the end of 2026 [5] Group 3: Data Center Capacity and Contributions - The HIVE 70 megawatt operation Tier I data center in Grand Falls, New Brunswick, has the potential to support over 25,000 latest generation GPUs, enhancing Canada's position in the global AI race [6]