Mr. Craig Tavares reports

BUZZ HPC CLOSES ACQUISITION OF 7.2 MW TORONTO SITE TO BUILD DATA CENTRE FOR SOVEREIGN AI INFRASTRUCTURE

Buzz High Performance Computing, a wholly owned subsidiary of Hive Digital Technologies Ltd., has acquired a 7.2-megawatt data centre site in the Greater Toronto Area.

The site will form the foundation of a new Tier 3-plus data centre built specifically for artificial intelligence workloads. The facility will serve dual purposes: offering co-location services to enterprises, institutions and governments seeking sovereign data infrastructure, and deploying Buzz HPC's own accelerated compute clusters to support high performance AI development and deployment.

This site will also support Buzz HPC's recently announced partnership with Bell Canada and its Bell AI fabric ecosystem, expanding access to sovereign accelerated compute infrastructure nationwide.

Engineered for sustainability and performance, the facility will leverage Ontario's clean electricity grid and deploy liquid-cooling systems capable of supporting GPU racks of 150 kilowatts and higher. This design enables hosting of the most advanced GPU clusters, optimized for high-density AI training, fine-tuning and inference.

Craig Tavares, president and chief operating officer of Buzz HPC, stated: "This acquisition represents an important step forward for Buzz HPC and for Toronto's role in the growing AI sector. Together with the Bell AI fabric partnership, the new data centre will provide the power and infrastructure needed to support Canadian research, business innovation and secure, high performance deployments. Whether through co-location services or direct access to our accelerated compute clusters, our customers and partners will benefit from infrastructure designed for scalability, reliability and data sovereignty."

Why sovereign AI infrastructure matters

Sovereign AI infrastructure ensures sensitive data stays in Canada under Canadian law, protecting it from foreign regulations. By keeping facilities Canadian owned and operated, Buzz HPC helps secure the country's digital independence, safeguard critical data from geopolitical risks, and provide universities, researchers and start-ups with local access to GPU power. By investing in this sector, the company aims to drive economic growth, generate high-value employment and reinforce Canada's leadership in AI.

Toronto's role in Canada's AI future

Toronto is home to a globally recognized AI ecosystem, anchored by the Vector Institute, the University of Toronto, other leading institutions and hundreds of start-ups. The GTA has attracted billions in AI investment and built one of North America's fastest-growing AI work forces. By adding sovereign, sustainable compute capacity in the heart of this ecosystem, Buzz HPC strengthens Canada's ability to innovate securely and compete globally.

About Hive Digital Technologies Ltd.

Founded in 2017, Hive builds and operates sustainable blockchain and AI infrastructure powered by renewable hydroelectric energy. With a global footprint across Canada, Sweden and Paraguay, Hive is committed to operational excellence, green energy leadership, and creating long-term value for its shareholders and host communities.

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