other_material
confidence high
sentiment positive
materiality 0.85
HIVE subsidiary BUZZ HPC acquires 25 acres near Toronto for $58M, plans 320 MW AI gigafactory
HIVE Digital Technologies Ltd.
- Acquired 21-acre main parcel ($46M) and adjacent ~4-acre parcel ($12M) with 320 MW power allocation in GTA.
- Planned AI gigafactory targets second half 2027 online; capital investment ~CAD $3.5B.
- At full build-out will host over 100,000 GPUs and create 800+ construction jobs plus hundreds of permanent roles.
- HIVE now has over 850 MW of power globally (450 MW operating + 400 MW pipeline for 2027).
- BUZZ already has 5,500 GPUs online doing AI compute plus 70 MW New Brunswick site.
item 8.01item 9.01