Buzz AI acquisition strengthens Hive’s Canadian AI infrastructure expansion

Hive Digital Technologies Chief Financial Officer Darcy Daubaras joined Steve Darling from Proactive to discuss the company’s acquisition of an AI infrastructure facility in Toronto and how the move strengthens Hive’s growing position in the rapidly expanding artificial intelligence sector. Daubaras explained that BUZZ is advancing a major infrastructure initiative focused on developing a planned industrial-scale AI facility capable of supporting approximately 320 megawatts (MW) of utility capacity. The project is expected to become one of Canada’s largest AI-focused infrastructure developments and has been designed to support vertically integrated AI supercomputing operations capable of hosting more than 100,000 GPUs once fully deployed. He noted that artificial intelligence is increasingly being viewed as a transformational technology capable of reshaping industries and economic systems worldwide. According to Daubaras, AI infrastructure is becoming a critical component of futu...