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HIVE's BUZZ plans a $3.5B AI gigafactory in Toronto with 320 MW power, 100,000+ GPUs by 2027.

Company Fundamentals
18 May 2026
Newsfile Corp
View Source
Bullish
pluang ai news

HIVE Digital Technologies' subsidiary BUZZ High Performance Computing is investing about CAD 3.5 billion to build a major AI gigafactory in the Greater Toronto Area, expected online by late 2027. The facility will have 320 MW of power capacity and host over 100,000 GPUs, making it one of Canada's largest AI infrastructure projects. This development aims to establish sovereign AI computing capabilities in Canada, leveraging local clean energy and positioning the country as a leader in AI innovation. The project will create over 800 construction jobs and hundreds of permanent high-skill roles, supporting Canada's intelligence economy and technological competitiveness.

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