Hive Digital Buys Toronto Data Centre to Fuel Buzz Expansion

Hive Digital Technologies has purchased a data center in Toronto through its subsidiary Fuel Buzz for $17.25 million in cash and shares. The facility will be upgraded to tier one standards, expanding Buzz's Canadian presence in high-performance computing and AI. This purchase aligns with Buzz's partnership with Bell Canada and demonstrates Hive's strategy to transform former Bitcoin mining facilities into AI-ready infrastructure. Hive, originally from Vancouver, emphasizes its commitment to advancing its data center portfolio in Canada.