HIVE Digital Technologies just announced one of the largest AI infrastructure projects in Canadian history. Through its subsidiary BUZZ High Performance Computing, the company plans to build a 320 MW AI campus in the Greater Toronto Area, a facility designed to house more than 100,000 GPUs when fully operational.
The estimated price tag: roughly CAD 3.5 billion. The targeted completion window: the second half of 2027. For a company that built its reputation mining Bitcoin and Ethereum, this is about as dramatic a pivot as you’ll find in the digital infrastructure space.
What HIVE is actually building
BUZZ HPC, the subsidiary leading the project, has already acquired approximately 25 acres of land in the Greater Toronto Area for CAD 58 million. That’s the foundation for what HIVE is calling an AI gigafactory, a term borrowed from Tesla’s playbook that signals ambitions well beyond a standard data center.
At 320 megawatts, the campus would rank among the largest purpose-built AI compute facilities in North America. To put that power draw in perspective, 320 MW is enough electricity to power roughly 250,000 homes. Instead, it will power GPUs, the specialized chips that train and run AI models.
