HIVE Digital Technologies started assembling GPU clusters before most of the tech industry had even coined the phrase “AI factory.” That head start is now the foundation of a pivot so dramatic it makes the company’s origins in crypto mining look like a warm-up act.
Through its subsidiary BUZZ HPC, HIVE announced plans on May 18 for a 320 MW AI gigafactory in the Greater Toronto Area, with a projected capital investment of CAD $3.5 billion. The facility aims to support more than 100,000 GPUs and is targeting initial operations in the second half of 2027.
From mining rigs to AI infrastructure
Currently, BUZZ has 5,500 GPUs online for AI compute workloads. The company’s project pipeline is designed to eventually support around 130,000 GPUs, meaning the Toronto gigafactory alone would account for the vast majority of that planned capacity.
In March 2026, HIVE announced a collaboration with Dell Technologies for NVIDIA Blackwell GPU clusters, expanding its infrastructure footprint in Eastern Canada. BUZZ is also an NVIDIA Cloud Partner, which gives it access to NVIDIA’s ecosystem of enterprise AI customers and software tools.
