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By Tom Carreras, AI Boost|Edited by Stephen Alpher
Jun 23, 2025, 4:37 p.m.
- HIVE Digital Technologies plans to acquire a 7.2-megawatt data center in Toronto to develop AI infrastructure through its subsidiary BUZZ HPC.
- The facility will be upgraded to support liquid cooling and host up to 5,000 GPUs for AI model training and inference.
- This acquisition marks BUZZ HPC’s first major step into operating its own facility, as HIVE shifts focus from crypto mining to AI and cloud services.
HIVE Digital Technologies (HIVE) has signed an agreement to buy a 7.2-megawatt data center in Toronto, Canada, aiming to transform it into a cornerstone for artificial intelligence (AI) infrastructure through its subsidiary BUZZ HPC.
The facility is expected to become BUZZ HPC’s first Tier 3 data center. It will be upgraded to support liquid cooling and host up to 5,000 next-generation GPUs, enabling large-scale AI model training and inference. The company says the infrastructure will also support Canadian enterprise and government workloads, reinforcing the country’s digital sovereignty.
STORY CONTINUES BELOW
“With the explosion of demand for HPC and AI compute capacity, this Toronto site gives us a critical footprint to develop a sovereign AI data center — owned and operated in Canada by a Canadian public company — ensuring data residency, security, and national innovation leadership,” said Craig Tavares, president and chief operating officer of BUZZ HPC.
The move comes amid a global race to build national AI infrastructure, with countries vying for compute capacity to keep up with the breakneck pace of generative AI development.
The acquisition also signals BUZZ HPC’s first major step into operating its own facility. HIVE, which started as a crypto mining company, continues to shift toward AI and cloud services, with a particular focus on renewable-powered infrastructure.
Other bitcoin miners such as Core Scientific (CORZ) have similarly diversified into the AI sector to boost their revenue stream.
Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.
Tom writes about markets, bitcoin mining and crypto adoption in Latin America. He has a bachelor’s degree in English literature from McGill University, and can usually be found in Costa Rica. He holds BTC above CoinDesk’s disclosure threshold of $1,000.
“AI Boost” indicates a generative text tool, typically an AI chatbot, contributed to the article. In each and every case, the article was edited, fact-checked and published by a human. Read more about CoinDesk’s AI Policy.
