HIVE Expands AI Data Centers in Canada as Sweden Bitcoin Hashrate Winds Down
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Key Takeaways
- HIVE Digital increased its Canadian AI data center capacity from 4 MW to 16.6 MW through a partnership with Bell Canada AI Fabric.
- The expansion includes 5 MW of immediate capacity in British Columbia, supporting deployment of approximately 2,000 AI-optimized GPUs.
- An option exists to add 7.6 MW of capacity in British Columbia in 2027, enabling deployment of an additional 3,000 GPUs.
- No additional capital expenditures are required to secure the expanded capacity due to deposits made in 2025.
HIVE is expanding its AI data center footprint in Canada while preparing to wind down portions of its Bitcoin hashrate in Sweden after a prolonged dispute with local tax authorities.
HIVE said Monday that its AI infrastructure unit, BUZZ High Performance Computing, will increase its liquid-cooled AI data center capacity in Canada fourfold, expanding from 4 megawatts of critical IT load in Manitoba to 16.6 megawatts across two provinces through a colocation partnership with Bell Canada’s AI Fabric network.
The expansion includes a new facility in British Columbia that will initially provide 5 megawatts of capacity, with an option to scale by another 7.6 megawatts starting in 2027. HIVE said the site will support about 2,000 next-generation GPUs optimized for artificial-intelligence workloads, adding to the roughly 2,000 GPUs expected to run at its Manitoba facility.
Combined, the two sites provide a near-term pathway to deploy more than 4,000 GPUs, part of the company’s broader goal of reaching 6,000 GPUs in Canada as it builds out a sovereign AI cloud offering. HIVE is targeting about $200 million in annualized run-rate revenue from its high-performance computing segment by the end of its fiscal year in March 2027.
