HIVE Digital Technologies Ltd., through its BUZZ High Performance Computing subsidiary, acquired a 7.2 megawatt data center in Toronto for CAD$12 million. This acquisition is a key strategic move to bolster the company's high-performance computing (HPC) capabilities.
The newly acquired facility is designated to host BUZZ HPC’s first liquid-cooled Tier 3 data center, specifically designed to support advanced AI training and cloud workloads. This infrastructure is critical for meeting the increasing demand for high-density compute in the AI sector.
This investment is expected to significantly expand HIVE's HPC footprint and enhance its ability to offer enterprise-grade cloud services. The move aligns with HIVE's broader strategy of diversifying revenue streams and capitalizing on the explosive growth in artificial intelligence.
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