HIVE Digital Applied sciences (HIVE) has signed an settlement to purchase a 7.2-megawatt knowledge middle in Toronto, Canada, aiming to remodel it right into a cornerstone for synthetic intelligence (AI) infrastructure by its subsidiary BUZZ HPC.
The power is anticipated to change into BUZZ HPC’s first Tier 3 knowledge middle. Will probably be upgraded to help liquid cooling and host as much as 5,000 next-generation GPUs, enabling large-scale AI mannequin coaching and inference. The corporate says the infrastructure may even help Canadian enterprise and authorities workloads, reinforcing the nation’s digital sovereignty.
“With the explosion of demand for HPC and AI compute capability, this Toronto website provides us a vital footprint to develop a sovereign AI knowledge middle — owned and operated in Canada by a Canadian public firm — guaranteeing knowledge residency, safety, and nationwide innovation management,” stated Craig Tavares, president and chief working officer of BUZZ HPC.
The transfer comes amid a worldwide race to construct nationwide AI infrastructure, with international locations vying for compute capability to maintain up with the breakneck tempo of generative AI improvement.
The acquisition additionally alerts BUZZ HPC’s first main step into working its personal facility. HIVE, which began as a crypto mining firm, continues to shift towards AI and cloud providers, with a specific deal with renewable-powered infrastructure.
Different bitcoin miners resembling Core Scientific (CORZ) have equally diversified into the AI sector to spice up their income stream.
