Bitcoin miner HIVE Digital Technologies has launched a new five-megawatt colocation data centre in British Columbia as part of a broader expansion that significantly increases its Canadian AI infrastructure capacity.

HIVE opened the facility through wholly-owned subsidiary Buzz High Performance Computing. The new B.C. facility in an undisclosed location delivers an immediate five MW of critical IT load, with an option to scale by an additional 7.6 MW, enabling the deployment of up to 2,000 next-generation AI-optimized GPUs, said HIVE. The site forms part of HIVE’s growing partnership footprint and is designed to accelerate the company’s AI-cloud deployment targets for 2026.

The B.C. launch coincides with a major expansion of HIVE’s existing Manitoba operations, where capacity is being scaled from four MW to support a broader national footprint. The Manitoba facility currently hosts 504 AI-optimized graphics processing units (GPUs) using approximately one MW, with roughly three MW of remaining capacity that can accommodate an additional 1,500 GPUs.

Together, the two provinces position HIVE with a near-term pathway to deploy more than 4,000 GPUs across Canada, with longer-term potential exceeding 6,000 units as additional capacity comes online, said the company.

“This expansion gives us committed liquid-cooled data center capacity across two provinces, and a clear path to over 6,000 next-generation AI-optimized GPUs in Canada,” said Aydin Kilic, president and CEO of HIVE. “As demand for AI compute ramps, we can move quickly to deploy additional clusters of AI-optimized GPUs online to realize our [annual recurring-revenue] targets for 2026, while scaling EBITDA in a capex-light strategy.

“The data centre infrastructure is now secured, and the demand for compute is strong. We are seeing economics where three-year deals and five-year deals for longer-term GPU contracts provide investors with comfort that there is a strong fundamental return on the investment and deployment of these GPU clusters. Investors should expect near-term updates on GPU procurement and cloud revenue contracts as we execute on this accelerated timeline.”

The company noted that no additional capital expenditures are required to secure the expanded colocation capacity, as prior deposits made in 2025 cover the full growth pipeline. Operational costs related to GPU deployment and data-centre operations will continue as part of standard business activity.

HIVE added that the expanded infrastructure supports its target of reaching US$200 million in annualized AI cloud revenue by fiscal year-end 2027, driven by long-term enterprise GPU contracts.

The B.C. facility opening expands HIVE’s partnership with Bell Canada AI Fabric, its data-centre partner, across two provinces.

“Nations that control their own AI compute will lead the next era of global innovation. Canada has the talent, the energy, and now, with BUZZ, the infrastructure to compete at the highest level,” said Frank Holmes, executive chairman of HIVE. “Since 2017, HIVE has demonstrated the ability to build, scale, and operate complex digital infrastructure with consistency and rigour across nine time zones and three continents. We are now applying that same discipline to AI.

“Our dual-engine model, Tier-I Bitcoin mining generating cash flow and Tier-III AI compute delivering high-margin recurring revenue, was built for exactly this moment. This expansion with Bell is a statement of conviction. We believe sovereign-AI compute will define the next decade of Canadian innovation, and HIVE intends to be at the centre of it. Moreover, in addition to our exciting growth ramp, HIVE owns and operates other data centres in Canada, which prime for conversion for hyperscaler colocation, and even government or military contracts. Notably, indications to management are that our 70-MW site in New Brunswick offers the scale of powered land for hyperscaler needs, and we believe the location of our 7.6-MW Toronto airport site is very attractive to government or military applications.”

Beyond B.C. and Manitoba, HIVE highlighted additional Canadian assets, including a 70-MW site in New Brunswick and the 7.6 MW facility near Toronto Pearson Airport, both seen as potential candidates for hyperscaler, government or military use.

Founded in 2017, HIVE is a global operator of sustainable digital infrastructure, building and running Tier-I and Tier-III data centres across Canada, Sweden and Paraguay. The company combines cryptocurrency mining with high-performance computing and AI workloads, powered by renewable energy.

BUZZ provides enterprise-grade cloud services and large-scale GPU infrastructure for AI, machine learning and scientific applications. Its platform includes managed services such as Kubernetes, virtual machines and bare-metal deployments, operating energy-efficient, renewable-powered data centres across North America and Europe.

Founded in Vancouver, Hive was the first Canadian cryptocurrency miner listed on the TSX Venture exchange. Still incorporated in Canada, the global company is now headquartered in San Antonio.

Buzz is also a Canadian firm.

Pictured: Buzz data centre in New Brunswick.

Photo: Buzz HPC