HIVE Digital Technologies announces a C$3.5B AI infrastructure facility in Ontario to expand high-performance computing capacity.
HIVE Digital Technologies will proceed with a C$3.5 billion AI infrastructure project in Ontario through its subsidiary BUZZ High Performance Computing. The facility, described as an AI gigafactory, aims to support industrial-scale AI operations.
The project marks a significant expansion in high-performance computing infrastructure, though no prior investment figures or timelines were disclosed. The move aligns with growing demand for AI-driven data processing capabilities.
No immediate market reaction was reported following the announcement.