HIVE AI Gigafactory Toronto Plans Advance
HIVE AI gigafactory Toronto advances plans for a 320 MW facility hosting more than 100,000 GPUs and could draw investor interest on project scale.
KEY TAKEAWAYS
- BUZZ plans a 320 MW AI gigafactory designed to host more than 100,000 GPUs.
- Target online timing is the second half of 2027 for initial operations.
- Company said it had secured power-pathway milestones and a closed-loop no-water cooling design for the 320 MW project.
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HIVE Digital Technologies Ltd. said on May 18, 2026, that its BUZZ High Performance Computing unit is advancing plans for a HIVE AI gigafactory in Toronto. The facility is designed for about 320 megawatts of utility capacity and more than 100,000 GPUs, targeting initial operations in the second half of 2027.
Project Scope and Timeline
The company described the planned industrial-scale facility as an "AI gigafactory" located in the Greater Toronto Area within the Toronto–Waterloo innovation corridor. It is designed to support fully vertically integrated AI supercomputers with roughly 320 megawatts of utility capacity and capacity for over 100,000 GPUs at full build-out. The company aims to begin operations in the second half of 2027.
Company Positioning and Local Impact
HIVE framed the project as a major investment to support Canada’s AI compute capacity and accelerate domestic AI adoption across enterprise, research, and public-sector applications. The company said the development would create more than 800 construction jobs and hundreds of permanent high-skill roles. It highlighted a closed-loop, no-water-use cooling design and reported securing major milestones along the project’s 320-megawatt power pathway. The initiative positions HIVE as a supplier of sovereign-scale AI infrastructure within a dense technology corridor, linking large-scale compute capacity to domestic demand and research.
