# Buzz AI acquisition strengthens Hive’s Canadian AI infrastructure expansion

Page: https://stenobird.com/podcast/proactive-interviews-for-investors-1457173/buzz-ai-acquisition-strengthens-hive-s-canadian-ai-infrastructure-expansion
Text version: https://stenobird.com/podcast/proactive-interviews-for-investors-1457173/buzz-ai-acquisition-strengthens-hive-s-canadian-ai-infrastructure-expansion.md
Podcast: [Proactive - Interviews for investors](https://stenobird.com/podcast/proactive-interviews-for-investors-1457173)
Published: 2026-05-19T19:08:03+00:00
Episode link: https://proactive-interviews-for-investors.simplecast.com/episodes/20260519-hive-digital-technologies-ltd-1-jkHXAjib
Audio file: https://cdn.simplecast.com/media/audio/transcoded/1068c7db-2e26-4675-9674-33cc0c49ccdc/b96906c8-b386-47e4-a142-589b24379f8e/episodes/audio/group/bb786dea-ea2e-4407-8aa7-582329c3d335/group-item/be07f7d1-fd3e-469f-8698-b4945f4cb033/128_default_tc.mp3?aid=rss_feed&feed=xjpdm5C9
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JSON: https://stenobird.com/v1/public/podcasts/proactive-interviews-for-investors-1457173/episodes/buzz-ai-acquisition-strengthens-hive-s-canadian-ai-infrastructure-expansion
Duration seconds: 318

## Resource

Hive Digital Technologies Chief Financial Officer Darcy Daubaras joined Steve Darling from Proactive to discuss the company’s acquisition of an AI infrastructure facility in Toronto and how the move strengthens Hive’s growing position in the rapidly expanding artificial intelligence sector. Daubaras explained that BUZZ is advancing a major infrastructure initiative focused on developing a planned industrial-scale AI facility capable of supporting approximately 320 megawatts (MW) of utility capacity. The project is expected to become one of Canada’s largest AI-focused infrastructure developments and has been designed to support vertically integrated AI supercomputing operations capable of hosting more than 100,000 GPUs once fully deployed. He noted that artificial intelligence is increasingly being viewed as a transformational technology capable of reshaping industries and economic systems worldwide. According to Daubaras, AI infrastructure is becoming a critical component of future economic competitiveness, with facilities designed to process and transform data into intelligence expected to play a central role in the next phase of digital growth. The company anticipates the project could be completed during the second half of 2027. As part of its strategic expansion, BUZZ High Performance Computing has acquired land totaling approximately 21 acres, along with an additional parcel near the project site. The transaction included a purchase price of roughly $46 million, while additional adjacent property measuring approximately four acres was acquired separately for approximately $12 million. Combined, the Main Parcel and Additional Parcel provide approximately 320 acres of development opportunity. Daubaras emphasized that the location itself offers meaningful strategic a…

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