Hive Digital Technologies (HIVE) has signed an agreement to buy a 7.2 megawatts data center in Toronto, Canada, aimed at transforming it into an cornerstone for artificial intelligence infrastructure (AI) through its subsidiary Buzz HPC.
The installation should become the first Tier 3 data center in Buzz HPC. It will be upgraded to support liquid cooling and will host up to 5,000 new generation GPUs, allowing training and inference of large -scale AI model. The company says that the infrastructure will also support the workloads of the company and the government, strengthening the digital sovereignty of the country.
“With the explosion of demand for HPC and IA calculation capacity, this Toronto site gives us a critical imprint to develop a sovereign Center of AI – owned and operated in Canada by a Canadian public enterprise – guaranteeing data residence, security and national innovation leadership,” said Craig Tavares, president and chief of the Buzz HPC officer.
This decision comes in the middle of a global race to build national IA infrastructure, the countries compete for the capacity for calculation to monitor the frantic pace of the generative development of the AI.
The acquisition also points out the first major step of HPC Buzz in the operation of its own facilities. Hive, which started as an crypto extraction company, continues to move to AI and cloud services, with a particular accent on renewable infrastructure.
Other bitcoin minors such as Core Scientific (CORZ) have also diversified in the AI sector to increase their source of income.
