HIVE Digital Applied sciences (HIVE) has signed an settlement to purchase a 7.2-megawatt information middle in Toronto, Canada, aiming to remodel it right into a cornerstone for synthetic intelligence (AI) infrastructure by its subsidiary BUZZ HPC.
The ability is predicted to develop into BUZZ HPC’s first Tier 3 information middle. It is going to be upgraded to help 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 can even help Canadian enterprise and authorities workloads, reinforcing the nation’s digital sovereignty.
“With the explosion of demand for HPC and AI compute capability, this Toronto website provides us a vital footprint to develop a sovereign AI information middle — owned and operated in Canada by a Canadian public firm — making certain information residency, safety, and nationwide innovation management,” mentioned Craig Tavares, president and chief working officer of BUZZ HPC.
The transfer comes amid a world race to construct nationwide AI infrastructure, with nations vying for compute capability to maintain up with the breakneck tempo of generative AI growth.
The acquisition additionally indicators 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 companies, with a selected deal with renewable-powered infrastructure.
Different bitcoin miners similar to Core Scientific (CORZ) have equally diversified into the AI sector to spice up their income stream.
