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Hive Digital Technologies (Hive) signed an agreement To buy a 7.2-megawatt data center in Toronto, Canada, which aims to turn it into a cornerstone for artificial intelligence infrastructure (AI) through its daughter Buzz HPC.
The device is expected to become the first data center of the 3 HPC level. It will be upgraded to promote liquid cooling and organize up to 5,000 GPU of the new generation, allowing extensive training and inference of the AI model. The company says that the infrastructure will also support the work burden of the Canadian company and the government and strengthen the digital sovereignty of the country.
“Thanks to the explosion of the demand for HPC and AI computing capacity, this Toronto website gives us a critical track for the development of the Sovereign data center AI – owned and operated in Canada by a Canadian public company – providing data, security and national innovation management,” said Craig Tavares, president and chief operating director of Buzz HPC.
This step comes in the middle of the global race to build national AI infrastructure, while the country competes for computing capacity to keep up with a break pace of generative development of artificial intelligence.
The acquisition also signals the first main step Buzz HPC to operate its own equipment. Hive, which began as a crypt of mining company, continues to move towards AI and cloud services, with a special focus on renewable infrastructure.
Other bitcoin miners like Core Scientific (CORZ) have similarly diversified to the AI sector to increase their flow of income.
