HIVE Digital Unveils 320 MW Ontario, Canada AI Gigafactory Through BUZZ HPC
BUZZHPC says it plans a 320 megawatt AI infrastructure facility in the Greater Toronto Area valued at about ¥405 billion, with operations targeted for the second half of 2027 after acquiring about 25 acres of land.
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Fact Check
All core elements of the claim are directly confirmed by HIVE Digital's own official press release on hivedigitaltechnologies.com (May 18, 2026): (1) the 320 MW capacity figure, (2) the Ontario/Greater Toronto Area location, (3) the BUZZ HPC subsidiary vehicle, (4) more than 100,000 GPUs at full build-out, and (5) the H2 2027 target online date. These facts are independently corroborated by the Newsfilecorp wire retransmission, The Block, and Cryptopolitan. The claim accurately characterizes the announcement as an 'AI Gigafactory' - the exact term used in HIVE's own press release. The only immaterial discrepancy is the claim title's implicit reference to a '40%' stock rally (from the original link title), while The Block's article body corrected this to 35%; this does not affect the substance of the project announcement itself.
Summary
HIVE Digital Technologies’ wholly owned unit BUZZHPC said it plans a 320 megawatt AI infrastructure facility in the Greater Toronto Area. The project is valued at about ¥405 billion, with operations targeted for the second half of 2027, and BUZZHPC has already acquired about 25 acres of land for the development. The announcement aligns with HIVE’s broader expansion from Bitcoin mining into high-performance computing and AI infrastructure.
Terms & Concepts
- AI infrastructure facility: A large-scale site built to provide the power, cooling, land, and computing capacity needed to run artificial intelligence workloads.
- High-performance computing: Advanced computing infrastructure designed to process complex, data-intensive tasks at high speed, commonly used in AI training, simulation, and analytics.