HIVE Digital Technologies’ subsidiary BUZZ has announced a significant upgrade to its Grand Falls Data Centre in New Brunswick, which aims to develop the site into a Tier III high-performance computing facility. This $3.1 million investment will be funded by proceeds from HIVE’s recent issuance of $115 million in notes and is part of HIVE’s plan to enhance its GPU AI and Tier III operations. The upgrade includes a new fibre optic network and partnerships with Canadian telecommunications carriers, ensuring high-capacity connectivity crucial for supporting enterprise and sovereign AI workloads. This initiative aligns with HIVE’s commitment to creating Canadian-owned and operated AI infrastructure while leveraging renewable hydro power for sustainable operations.
Aydin Kilic: Aydin Kilic is the President and CEO of HIVE Digital Technologies, leading operations in sustainable digital infrastructure. He emphasizes robust connectivity for AI growth. Kilic stated that the upgraded network is essential for supporting high-throughput and redundant AI services for enterprise and sovereign customers.
Frank Holmes: Frank Holmes is the Executive Chairman of HIVE Digital Technologies and a renowned investor serving as CEO of U.S. Global Investors. He guides the company’s strategy in digital assets and AI infrastructure. Holmes highlighted sovereign AI as a strategic priority, envisioning the conversion of Canadian power into AI tokens of intelligence.
Craig Tavares: Craig Tavares serves as President and Chief Operating Officer of BUZZ High Performance Computing, with extensive expertise in digital infrastructure and energy sectors. He oversees GPU cloud and HPC business expansion. Tavares positioned the Grand Falls campus as a Canadian-owned sovereign AI facility with potential for site-wide growth.
HIVE Digital Technologies: HIVE Digital Technologies builds and operates clean energy-powered data centers for Bitcoin mining and AI high-performance computing across Canada, Sweden, and Paraguay. The company is accelerating its pivot to AI infrastructure with GPU cloud services and Tier III facilities. In this announcement, HIVE is advancing its New Brunswick campus through BUZZ with a fibre optic network upgrade to support sovereign AI workloads.
BUZZ High Performance Computing: BUZZ High Performance Computing is a wholly-owned subsidiary of HIVE Digital Technologies and an NVIDIA Cloud Partner focused on GPU cloud and high-performance computing data centers. It specializes in purpose-built infrastructure for sovereign AI. BUZZ contracted a fibre network overbuild at the Grand Falls Data Centre in New Brunswick to enable dedicated high-capacity connections for enterprise and government AI customers.
Clean Energy Focus: HIVE leverages renewable hydro power for its data centers, supporting sustainable AI compute development.
Strategic Partnerships: BUZZ collaborates with Canadian carriers like Bell and hardware providers for colocation and AI fabric deployment.
Sovereign AI Infrastructure: Canadian firms like HIVE and BUZZ are developing sovereign AI facilities to host national workloads on domestic soil without foreign cloud dependency.