HIVE Digital Technologies plans to build a 320-megawatt AI gigafactory in the Toronto area. The facility will be dedicated to artificial intelligence computing, the company said.
Scale of the project
With 320 MW of capacity, the planned gigafactory would rank among the larger dedicated AI data centers. Such a power draw is roughly equivalent to the needs of a small city. The company has not disclosed a specific site within the Toronto area or a target date for completion.
What the factory will do
The gigafactory is designed for AI workloads, including training and inference for large-scale machine learning models. The company has described it as a high-performance computing hub. No details on hardware partners or total investment have been released.
Location choice
HIVE Digital selected the Toronto area for access to reliable power and a concentration of technology talent. The region is already home to several data centers and AI research labs. The company will need to secure grid interconnection capacity and local permits before breaking ground.
Industry context
Demand for AI computing capacity has surged, pushing companies to build large-scale facilities. HIVE Digital's move mirrors a broader push by energy-intensive firms to pivot toward artificial intelligence. The 320 MW figure underscores the scale required for modern AI training clusters.
Next steps
The company is expected to provide more details on the gigafactory's timeline and partners in the coming months. Local government approvals and environmental assessments are typical prerequisites for a project of this size.
