HIVE Advances Canadian Sovereign AI Push With New Brunswick Fiber Network Upgrade
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Key Takeaways
- HIVE is investing $3.1 million to install high-speed fibre infrastructure at its Grand Falls facility to support a 50 MW Tier III+ AI factory.
- The project utilizes funds from a $115 million note issuance and is expected to begin delivery of 100 Gbps and 400 Gbps connections in Q3 2026.
HIVE Digital (NASDAQ: HIVE) Technologies said Friday it is investing in new fiber infrastructure at its Grand Falls, New Brunswick campus as the Bitcoin miner continues repositioning itself toward AI and high-performance computing services.
The company said its BUZZ High Performance Computing subsidiary contracted a new fiber optic network overbuild and carrier transport upgrade for the site, a move aimed at converting the existing facility into a Tier III HPC-enabled data center capable of supporting enterprise and sovereign AI workloads.
HIVE expects to commit about $3.1 million over five years toward the network expansion, while its unnamed Canadian telecommunications partner is expected to make additional capital investments to complete the high-speed connectivity buildout.
The announcement marks another step in HIVE’s broader push into AI infrastructure, an increasingly common strategy among publicly traded Bitcoin miners seeking to diversify revenue streams beyond cryptocurrency mining. The company said proceeds from its recently completed $115 million zero-coupon exchangeable note offering are being directed toward expanding its GPU cloud and HPC operations.
