Core Viewpoint - HIVE Digital Technologies Ltd. has successfully acquired a 7.2 MW data center in Toronto to enhance its High Performance Computing (HPC) and artificial intelligence (AI) capabilities through its subsidiary BUZZ, positioning itself to meet the growing demand for AI and cloud solutions in Canada [2][3][4]. Group 1: Acquisition Details - The acquisition involved a payment of CAD$12 million and the issuance of 1 million common shares valued at CAD$5.25 million, resulting in a total acquisition cost of CAD$17.25 million [5]. - The data center will be upgraded from Tier 1 to Tier 3 standards, significantly expanding BUZZ's operational capacity in Canada [3][4]. Group 2: Strategic Importance - This acquisition strengthens BUZZ's partnership with Bell Canada, enhancing HIVE's presence in the Canadian digital infrastructure market [4]. - The transformation of former Bitcoin mining facilities into AI-ready infrastructure is seen as a strategic move to capitalize on opportunities in the digital economy [4]. Group 3: Company Overview - HIVE Digital Technologies Ltd. is a diversified multinational digital infrastructure company, originally established as a crypto-miner powered by renewable energy, now focusing on both Bitcoin mining and HPC through BUZZ [10]. - The company aims to scale its Tier 3 data centers and deploy advanced GPU infrastructure to meet the increasing demand for AI and HPC workloads [9].