HIVE Digital Technologies Ltd. (TSXV: HIVE) (NASDAQ: HIVE) announced a four-fold expansion of its liquid-cooled AI data center capacity in Canada through its subsidiary BUZZ High Performance Computing. The company is expanding from 4 megawatts in Manitoba to 16.6 MW of critical IT load across two Canadian provinces.

The expansion includes a new colocation facility in British Columbia providing 5 MW of immediate capacity, with an option to scale an additional 7.6 MW. This capacity supports deployment of approximately 2,000 next-generation high-power density AI-optimized GPUs in British Columbia, complementing capacity for about 2,000 GPUs in BUZZ's existing Manitoba facility.

HIVE's AI colocation footprint with Bell Canada AI Fabric now spans Manitoba with 4 MW of critical IT load, where BUZZ has deployed 504 AI-optimized GPUs consuming approximately 1 MW, and British Columbia with 5 MW available immediately. A second phase in British Columbia offers an additional 7.6 MW option in 2027.

The company stated no additional capital expenditures are required to secure this expanded colocation capacity, as deposits made in 2025 with the strategic data center partner are sufficient to secure the full growth pipeline.

HIVE targets deployment of 4,000 next-generation AI-optimized GPUs for contracted revenue in the next six months, with plans to expand another 2,000 high-power density GPUs through additional partner data centers or its own facilities. The company aims for $200 million in contracted annualized run-rate revenue by March 31, 2027.

"Nations that control their own AI compute will lead the next era of global innovation," said Frank Holmes, Executive Chairman of HIVE. "Canada has the talent, the energy, and now, with BUZZ, the infrastructure to compete at the highest level."

The company also announced it is granting 2,849,400 Restricted Share Units to employees, officers, directors, and consultants under its RSU plan, with a mandatory one-year TSX Venture Exchange vesting period.