HIVE Digital Technologies has announced a $3.5 billion plan to build a 320-megawatt data center near Toronto, Canada, dedicated to artificial intelligence workloads. The investment is among the largest single commitments to AI infrastructure in the country.
A 320-megawatt facility for AI workloads
The planned data center will have a capacity of 320 megawatts, designed specifically to support AI computing. According to the announcement, the facility will be located in the Greater Toronto Area, though the company did not provide a specific address or site. The project is intended to host high-density AI workloads, a growing segment of the data center market.
What the investment means for HIVE
The $3.5 billion figure makes this one of HIVE Digital's largest capital commitments to date. The company said the facility will focus entirely on artificial intelligence, signaling a strategic bet on the demand for dedicated compute power. Details on how the project will be financed were not included in the announcement.
Construction timelines remain undisclosed, and no start date has been set. Regulatory approvals needed for a project of this scale — including environmental and zoning permits — were not addressed by the company.
