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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 is investing about CAD 3.5 billion to build one of Canada's largest AI gigafactories in the Greater Toronto Area, targeting completion in late 2027. The facility will have 320 MW of power capacity and host over 100,000 GPUs, supporting AI supercomputing and innovation in Canada's key tech corridor between Toronto and Waterloo. This project aims to establish sovereign AI infrastructure, enhancing Canada's competitiveness in AI by keeping data and compute resources domestic. It will create 800+ construction jobs and hundreds of permanent high-skill roles, powered by Ontario's clean energy grid and designed with sustainability in mind.

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