HIVE Digital Technologies .(US:HIVE) Newsfileยท2025-11-17 11:05Core Viewpoint - HIVE Digital Technologies, through its subsidiary BUZZ High Performance Computing, is advancing Canada's AI infrastructure by partnering with Dell Technologies to expand its AI Cloud capabilities, which is expected to significantly enhance its operational capacity and revenue potential [1][4]. Group 1: Partnership and Infrastructure Development - BUZZ will deploy a 63 node cluster of liquid-cooled Dell PowerEdge XE9680L servers equipped with 504 latest generation GPUs optimized for AI computing, delivered through Dell Integrated Rack Scalable Systems [2]. - The deployment will take place at the Bell AI Fabric data center, building on BUZZ's existing partnership with Bell to expand its sovereign AI Cloud [2]. - BUZZ has proprietary high-efficiency liquid-cooled data center designs in Canada and Sweden, with plans to support an additional 2,000 GPUs at each site, targeting a total of over 6,000 GPUs for its AI Cloud by the end of 2026 [4][5]. Group 2: Financial Projections and Market Position - The 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]. - 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]. Group 3: Company Background - HIVE Digital Technologies Ltd. is the first publicly listed company to mine digital assets using exclusively green energy, operating next-generation blockchain and AI data centers across Canada, Sweden, and Paraguay [9]. - BUZZ specializes in AI Cloud and high-performance computing (HPC) data center services, contributing to Canada's ambitions in the global AI economy [10].