HIVE Digital (HIVE) Technologies announces the signing of a purchase and sale agreement to acquire a facility and its property with a total installed capacity of approximately 7.2 megawatts, located in Toronto, Canada. This strategic move marks a significant milestone in HIVE’s mission to scale high-performance computing, HPC, infrastructure and accelerate the development of a sovereign Canadian AI ecosystem through its wholly owned subsidiary, BUZZ High Performance Computing. The acquisition will enable BUZZ HPC to deploy highly dense, liquid-cooled advanced compute infrastructure to support sovereign workloads, including large-scale AI training, inference, and cloud services tailored for Canadian enterprises, government initiatives, and AI innovators.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on HIVE:
- Options Volatility and Implied Earnings Moves This Week, June 23 – June 27, 2025
- Hive Digital management to meet with Rosenblatt
- Hive Digital management to meet with Cantor Fitzgerald
- Crypto Currents: Senate passes bill for stablecoin regulatory framework
- HIVE Digital Technologies Surpasses Bitcoin Mining Milestone with Sustainable Expansion in Paraguay