Why it matters
The strategic read
Adds Canada to the current wave of industrial-scale AI factory announcements. HIVE is pairing land acquisition, a 320 MW power allocation, closed-loop cooling, and sovereign cloud positioning into a domestic GPU campus aimed at enterprise, research, public-sector, and national-priority AI workloads.
Source-supported terms
What was disclosed
- 01
HIVE announced that BUZZ HPC is advancing a planned industrial-scale AI infrastructure facility in the Greater Toronto Area with approximately 320 MW of utility capacity.
- 02
The company says the project is expected to become one of Canada’s largest AI gigafactories and is designed to host more than 100,000 GPUs at full build-out.
- 03
BUZZ acquired a roughly 21-acre main parcel for C$46M plus an adjacent roughly 4-acre parcel for C$12M, creating a contiguous site tied to the 320 MW power allocation.
- 04
HIVE lists the target online window as the second half of 2027 and the planned capital investment at approximately C$3.5B.
- 05
The release says BUZZ has secured major milestones along the 320 MW power pathway in the Toronto-Waterloo innovation corridor.
- 06
The facility is designed for high-efficiency AI compute using closed-loop cooling with a no-water-use approach consistent with BUZZ HPC’s sustainability strategy.
- 07
HIVE says it now has more than 850 MW of power globally, including 450 MW of operating data centers plus a 400 MW pipeline expected to come online in 2027.
Disclosure boundary
What is known—and what is not
Primary company announcement with forward-looking project details; customer contracts, definitive financing, GPU purchase orders, utility interconnection documents, construction/EPC awards, exact site permits, and final delivery milestones are not public.