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Home PRIVATE DEBT

Hive expanding Buzz cloud footprint in Canada

dcdby dcd
March 16, 2026
Reading Time: 5 mins read
in PRIVATE DEBT, UK&IRELAND
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Hive Digital Technologies this week announced a fourfold expansion of its liquid-cooled data center campus in Canada through its wholly owned subsidiary, Buzz HPC.

The company has expanded on its existing 4MW in Manitoba to 16.6MW of critical IT load across two Canadian provinces in partnership with Bell Canada.



Hive new brunswick canada

Hive's site in New Brunswick, Canada

– Hive Digital Technologies

The expansion adds a new colocation facility in British Columbia, providing an immediate 5MW of capacity with an option to scale an additional 7.6MW. The company said the first tranche of capacity will support more than 2,000 GPUs, while the additional 7.6MW could support up to 3,000 GPUs.

In Manitoba, Buzz has deployed 504 next-generation AI-optimized GPUs, consuming approximately 1MW. The remaining 3MW will support approximately 1,500 additional GPUs.

“This expansion with Bell is a statement of conviction,” said Hive’s chairman, Frank Holmes. “We believe sovereign AI compute will define the next decade of Canadian innovation, and Hive intends to be at the center of it.”

Holmes added that Hive owns and operates other data centers in Canada that are “prime for conversion” to serve hyperscaler colocation and government or military contracts.

“Notably, indications to management are that our 70MW site in New Brunswick offers the scale of powered land for hyperscaler needs, and we believe the location of our 7.6MW Toronto Airport site is very attractive to government or military applications,” he said.

Hive was founded in 2017 and has operations across Canada, Sweden, and Paraguay. Its data centers serve both Bitcoin and HPC clients. The company is, however, pivoting to largely focus on its HPC customers.

Aydin Kilic, president and CEO of Hive, added: “This expansion gives us committed liquid-cooled data center capacity across two provinces, and a clear path to over 6,000 next-generation AI-optimized GPUs in Canada. As demand for AI compute ramps, we can move quickly to deploy additional clusters of AI-optimized GPUs online to realize our ARR targets for 2026, while scaling EBITDA in a capex light strategy.”

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Read the orginal article: https://www.datacenterdynamics.com/en/news/hive-expanding-buzz-cloud-footprint-in-canada/

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