HIVE Digital Technologies is betting big on Canada’s AI future. Its subsidiary, BUZZ High Performance Computing, has announced plans to build a 320 MW AI “gigafactory” in the Greater Toronto Area, a facility that would rank among North America’s largest domestically controlled AI clusters.
The project carries a price tag of roughly CAD $3.5 billion and is targeting the second half of 2027 to bring its first operations online.
What the gigafactory actually looks like
The facility is designed to host more than 100,000 GPUs across a vertically integrated supercomputing platform. BUZZ HPC has reportedly acquired a 25-acre land parcel for approximately CAD $46 million to house the campus. The site sits within the Toronto-Waterloo innovation corridor.
The facility will draw roughly 320 MW of utility power. Ontario’s grid, which runs heavily on nuclear and hydroelectric generation, gives the project a low-carbon energy story. The campus will also feature a sustainable, low-water-use cooling system.
