HIVE Digital Technologies just dropped CAD $3.5 billion on what it’s calling an AI gigafactory in the Greater Toronto Area. The 320 MW facility, announced on May 18 through HIVE’s subsidiary BUZZ High Performance Computing, is designed to house over 100,000 GPUs and is expected to go live in the second half of 2027.
The project slots directly into Canada’s national ambition to reach 850 MW of sovereign compute capacity by 2030, with plans to eventually scale to 2.3 GW. Sovereign compute refers to a country’s ability to process its own AI workloads on its own soil, without relying on foreign data centers or cloud providers.
From Bitcoin mines to AI factories
HIVE built its reputation mining Bitcoin, not training large language models. But this gigafactory announcement signals a pivot toward high-performance computing and AI infrastructure.
BUZZ HPC is already operational with roughly 5,500 GPUs dedicated to AI workloads. A facility capable of supporting 100,000 GPUs represents a completely different weight class.
