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HIVE Digital plans $3.5B AI data centre with 320MW capacity near Toronto by 2027

Market News
18 May 2026
Proactive Investors
View Source
Bullish
pluang ai news

HIVE Digital Technologies Ltd announced plans to build one of Canada's largest AI data centres near Toronto through its subsidiary Buzz High Performance Computing. The facility will have 320 megawatts of power capacity and house over 100,000 GPUs, with a $3.5 billion investment and a target operational date in the second half of 2027. This project aims to enhance Canada's digital sovereignty by providing domestically controlled AI infrastructure, creating over 800 construction jobs and hundreds of permanent skilled roles. The centre will run on Ontario's clean energy grid and use water-efficient cooling systems, supporting AI applications in finance, healthcare, and scientific research.

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