secwatch.observer — SEC 8-K summary
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Issuer:     HIVE Digital Technologies Ltd. (HIVE)
CIK:        0001720424
Form:       8-K
Filed at:   2026-05-19T00:01:20+00:00
Accession:  0001062993-26-002783
Event type: other_material
Sentiment:  positive
Materiality: 0.85
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

HIVE subsidiary BUZZ HPC acquires 25 acres near Toronto for $58M, plans 320 MW AI gigafactory
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1720424/000106299326002783/0001062993-26-002783-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1720424/000106299326002783/form8k.htm
  HTML page:      https://secwatch.observer/filing/0001062993-26-002783

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer