Northwire Canada EditionFriday, October 23, 2026
Sign inSubscribe
Northwire
⌕
GOLD 4060.40 −2.2% SILVER 55.01 −4.7% COPPER 6.40 −2.8% OIL 99.47 +2.4% PALLADIUM 1052.50 −3.4% ATY 0.215 −8.5% CNL 14.70 −8.9% ABI 0.060 +0.0% AUGC 0.245 −12.5% ITR 3.18 −5.4% LKY 0.005 +0.0% IGO 0.125 +0.0% CCMM 0.390 −9.3% FVI 13.33 −8.1% KTN 0.840 −10.6% FTUR 0.240 −14.3% YARR 0.150 +0.0% EMNT 0.290 −14.7% MOO 0.680 +13.3% BMM 4.27 −0.7% GOLD 4060.40 −2.2% SILVER 55.01 −4.7% COPPER 6.40 −2.8% OIL 99.47 +2.4% PALLADIUM 1052.50 −3.4% ATY 0.215 −8.5% CNL 14.70 −8.9% ABI 0.060 +0.0% AUGC 0.245 −12.5% ITR 3.18 −5.4% LKY 0.005 +0.0% IGO 0.125 +0.0% CCMM 0.390 −9.3% FVI 13.33 −8.1% KTN 0.840 −10.6% FTUR 0.240 −14.3% YARR 0.150 +0.0% EMNT 0.290 −14.7% MOO 0.680 +13.3% BMM 4.27 −0.7%
Production / Operations

Hive's Buzz, Dell enter deal for AI infrastructure

By The Northwire Desk — AI Analysis Nov 17, 2025 · 03:41 HIVE · 4.60 Hive Digital Technologies Ltd
HIVE · Price

Executive Summary

  • Hive Digital Technologies’ subsidiary, Buzz High Performance Computing, has signed an agreement with Dell Technologies to deploy a 63-node cluster of liquid-cooled servers for its AI cloud expansion.
  • Buzz has executed operating agreements for the first phase of deployment within the Bell AI fabric data centre, building on existing partnerships to expand its sovereign AI cloud capabilities.
  • The company projects significant growth in GPU capacity and revenue, targeting over 11,000 total GPUs and $120 million in additional annual run-rate revenue by the end of 2026.

Key Details

  • Dell Agreement: Buzz signed an agreement to deploy a 63-node cluster of liquid-cooled Dell PowerEdge XE9680L servers.
  • Hardware Specifications: The deployment includes 504 latest-generation GPUs optimized for AI compute, delivered through Dell integrated rack scalable systems (IR5000 racks).
  • Deployment Location: Delivery and installation will occur at the Bell AI fabric data centre.
  • Bell Partnership: Operating agreements have been executed for the commencement of the first phase of the Buzz and Bell AI fabric deployment.
  • Rankings: Buzz recently achieved bronze status in the semi-analysis ClusterMax rankings, surpassing publicly traded peers in the AI cloud sector.
  • Future Capacity (2026):
    • Buzz is procuring long-lead components for sites in Canada and Sweden, with go-live targeted for the second half of calendar 2026.
    • Each Canadian and Swedish site, alongside the Bell AI fabric facility, will support 2,000 additional latest-generation GPUs.
    • Total target fleet: Over 6,000 latest-generation GPUs for AI cloud by the end of 2026.
  • Financial Projections:
    • The projected expansion is expected to generate an additional $120 million in annual run-rate revenue.
    • Operating margin is estimated at 80% after electrical and data centre costs.
    • This increase is in addition to the company's current $20 million Annual Recurring Revenue (ARR).
  • Total GPU Count: Combined with over 5,000 GPUs already in operation, the Buzz AI cloud will reach a total of over 11,000 GPUs by the end of 2026.
  • Grand Falls Facility: The Hive 70-megawatt Tier I data centre in Grand Falls, N.B., sits on 32.5 acres of land and is positioned for upgrade to a Tier 3+ hyperscaler co-location facility, capable of supporting over 25,000 latest-generation GPUs based on reference architecture.

Notable Quotes

  • No direct quotes from executives were included in the provided text.
Read the original news release →

More from Hive Digital Technologies Ltd

Jun 30, 2026 · 17:01

Standard dilution-hedged capital raise for GPU capex; market skepticism on ARR targets already priced in.

Financings Jun 26, 2026 · 00:38

Routine financing extends runway for AI/HPC capex; market skepticism on near-term crypto headwinds already discounted.

Financings Jun 25, 2026 · 07:31

HIVE’s $100M Notes & Sweden LOI Advance HPC Pivot, But Dilution Risk and Execution Gaps Keep Valuation Rich

Financings Jun 25, 2026 · 07:01

HIVE Signs Long-Term HPC Colocation LOI with Investment-Grade Swedish Client at Boden, Retrofit to Support Up to 10,000 GB300 GPUs

Other Jun 22, 2026 · 01:57

Paraguay AI validation confirms execution pace, but ARR targets remain unfulfilled and capital intensity looms.

Production / Operations Jun 18, 2026 · 07:01

Pipeline execution confirms sovereign AI thesis, but heavy capex and dilution risk cap near-term multiple expansion.

M&A / Property