HIVE Digital Technologies subsidiary BUZZ expands AI data center capacity in Canada

HIVE Digital Technologies Ltd (TSX-V:HIVE, NASDAQ:HIVE, FRA:YO0, BVC:HIVECO) has announced plans to grow its artificial quality computing infrastructure successful Canada, expanding its liquid-cooled information halfway capableness fourfold done its subsidiary BUZZ High Performance Computing.

The institution said the enlargement volition turn its existing footprint from 4 megawatts (MW) successful Manitoba to 16.6 MW of captious IT load crossed 2 provinces done a concern with Bell Canada and its AI infrastructure inaugural known arsenic Bell Canada AI Fabric.

As portion of the expansion, HIVE volition adhd a caller colocation installation successful British Columbia with 5 MW of contiguous capableness and the enactment to standard by an further 7.6 MW successful a 2nd phase.

The archetypal signifier is expected to enactment the deployment of up to 2,000 next-generation AI-optimized graphics processing units (GPUs), portion the optional 2nd signifier could accommodate astir 3,000 more.

HIVE’s existing Manitoba installation presently hosts 504 AI-optimized GPUs utilizing astir 1 MW of capacity, with an further 3 MW disposable to enactment astir 1,500 much GPUs.

In total, the institution said its Canadian operations present person a maturation way to much than 6,000 GPUs done its information halfway partnerships and owned facilities.

The enlargement is intended to enactment the company’s AI unreality strategy and rising request for computing powerfulness utilized successful artificial quality grooming and inference. HIVE said it aims to deploy 6,000 latest-generation GPUs for AI unreality services and is targeting 4,000 deployments with contracted gross wrong the adjacent six months.

According to the company, deposits made with its strategical information halfway spouse successful 2025 are capable to unafraid the expanded colocation capacity, meaning nary further superior expenditures are required for the infrastructure itself. Costs related to GPU procurement, installation and operations volition proceed arsenic portion of mean concern activities.

"This enlargement gives america committed liquid-cooled information halfway capableness crossed 2 provinces, and a wide way to implicit 6,000 next-generation AI-optimized GPUs successful Canada,” HIVE CEO Aydin Kilic said.

He added that with information halfway infrastructure present secured, the request for compute is strong.

“We are seeing economics wherever 3-year deals and 5-year deals for longer-term GPU contracts supply investors with comfortableness that determination is simply a beardown cardinal instrumentality connected the concern and deployment of these GPU clusters,” Aydin said. “Investors should expect near-term updates connected GPU procurement and unreality gross contracts arsenic we execute connected this accelerated timeline."