HIVE Digital Applied sciences (HIVE) has signed an settlement to purchase a 7.2-megawatt knowledge middle in Toronto, Canada, aiming to rework it right into a cornerstone for synthetic intelligence (AI) infrastructure by way of its subsidiary BUZZ HPC.
The power is predicted to grow to be BUZZ HPC’s first Tier 3 knowledge middle. It is going to be upgraded to assist 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 assist Canadian enterprise and authorities workloads, reinforcing the nation’s digital sovereignty.
“With the explosion of demand for HPC and AI compute capability, this Toronto web site provides us a important footprint to develop a sovereign AI knowledge middle — owned and operated in Canada by a Canadian public firm — making certain knowledge residency, safety, and nationwide innovation management,” stated Craig Tavares, president and chief working officer of BUZZ HPC.
The transfer comes amid a world race to construct nationwide AI infrastructure, with international locations vying for compute capability to maintain up with the breakneck tempo of generative AI growth.
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 concentrate on renewable-powered infrastructure.
Different bitcoin miners comparable to Core Scientific (CORZ) have equally diversified into the AI sector to spice up their income stream.
