ExpansionMay 12, 2026, 09:27 AM
HIVE's BUZZ to build $3.1M fiber network for Canadian AI factory
AI Summary
HIVE Digital Technologies' subsidiary, BUZZ High Performance Computing, is investing approximately $3.1 million over five years to build a new fiber optic network at its Grand Falls Data Centre in New Brunswick. This upgrade is crucial for transforming the site into a 50 MW Tier III+ AI factory, offering high-capacity optical wavelength services starting Q3 2026. Additionally, HIVE amended its Articles of Incorporation to increase the shareholder meeting quorum to two persons owning at least 33 1/3% of common stock, ensuring compliance with Nasdaq rules.
Key Highlights
- BUZZ to invest $3.1M over 5 years for fiber network at Grand Falls Data Centre.
- Upgrade aims to convert Grand Falls into a 50 MW Tier III+ AI factory.
- New network to provide multiple 100 Gbps and 400 Gbps connections.
- Delivery of high-speed fiber connections expected to begin in Q3 2026.
- HIVE amended Articles of Incorporation to increase shareholder meeting quorum.
- Quorum now requires 33 1/3% of common stock, up from two shareholders.