320 Megawatt AI Data Centre by Buzz High Performance Computing

planned

HIVE Digital Technologies Ltd's subsidiary Buzz High Performance Computing plans to build one of Canada's largest AI data centres in the Greater Toronto Area. The facility will have approximately 320 megawatts of power capacity and house more than 100,000 GPUs. Buzz HPC has acquired a 25-acre site for $58 million and secured key milestones for power supply. The facility is expected to begin operations in the second half of 2027 with a total capital investment of approximately 3.5 billion Canadian dollars. It will create over 800 construction jobs and hundreds of permanent skilled positions. The data centre will run on Ontario's electricity grid using closed-loop cooling systems to avoid water consumption.