Bell to Build 300 MW AI Data Centre in Saskatchewan, Securing Cerebras and CoreWeave as Key Tenants

BCE ( (TSE:BCE) ) just unveiled an update.

Bell Canada is partnering with the Government of Saskatchewan to build a 300 MW AI-focused data centre in the Rural Municipality of Sherwood near Regina, in what it calls its largest-ever investment in the province and the largest purpose-built AI data centre project in Canada. The facility, connected to Bell’s national fibre network via SaskTel, is positioned as a cornerstone of Bell AI Fabric, expanding domestic compute capacity for government, research and enterprise clients while supporting sovereign data residency.

The project is expected to generate up to $12 billion in economic value for Saskatchewan over time, with at least 800 construction jobs, 80 permanent roles and potentially hundreds of additional community jobs, underscoring its role in regional growth and diversification. Tenants Cerebras and CoreWeave will provide high-performance AI compute based on wafer-scale systems and NVIDIA GPUs, while Bell commits to community partnerships, Indigenous procurement, academic collaboration and sustainable design features such as closed-loop cooling and potential district energy heat reuse.

The most recent analyst rating on (TSE:BCE) stock is a Buy with a C$39.00 price target. To see the full list of analyst forecasts on BCE stock, see the TSE:BCE Stock Forecast page.

Spark’s Take on BCE Stock

According to Spark, TipRanks’ AI Analyst, BCE is a Neutral.

The score is anchored by a mixed financial profile—durable operating cash flow but meaningful leverage and a weakening recent free-cash-flow trend. Technicals are supportive with price above key moving averages and positive MACD, and valuation is a clear positive with a low P/E and high dividend yield.

To see Spark’s full report on BCE stock, click here.

More about BCE

BCE, through its Bell Canada unit, is a leading Canadian telecommunications and technology company that provides network connectivity, enterprise solutions and digital infrastructure nationwide. The company is increasingly focused on AI-powered services and large-scale data centre infrastructure to support government, research and corporate clients across Canada’s expanding artificial intelligence economy.

YTD Price Performance: 7.18%

Average Trading Volume: 3,735,300

Technical Sentiment Signal: Buy

Current Market Cap: C$32.72B

For detailed information about BCE stock, go to TipRanks’ Stock Analysis page.