HIVE Expands Canadian AI Data Centers, Targets 6,000 GPUs and $200M Revenue

MT Newswires Live03-16 17:48

HIVE (HIVE) said Monday it is expanding its AI data center capacity in Canada, growing from 4MW in Manitoba to 16.6MW across Manitoba and British Columbia through its subsidiary BUZZ and a strategic partnership with Bell Canada AI Fabric.

The expansion adds 5 MW of immediate capacity in British Columbia, supporting roughly 2,000 next-generation, high-power-density GPUs, complementing Manitoba's existing 2,000 GPUs, the company said.

A further 7.6 MW in BC could add another 3,000 GPUs in 2027, giving HIVE a near-term path to over 6,000 GPUs in Canada, it said.

The company expects to achieve $200 million in annualized HPC revenue by the end of its fiscal year, March 31, 2027, with a targeted 75% HPC EBITDA on long-term GPU contracts, it added.

HIVE said no additional capital expenditures are required, and operational costs for GPU procurement and deployment are part of normal business activities.

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