Hydaway opens facility in North Vancouver

Executive Summary

• Hydaway Digital opened a new GPU‑rental facility in North Vancouver, B.C., increasing its GPU inventory by over 200 % and total compute capacity to >1,400 TFLOPS (FP32).
• The company began development of a proprietary private GPU rental portal to offer on‑demand, scalable access for AI, ML, rendering and simulation workloads.
• Hydaway granted 1.5 million stock options to officers, directors and consultants at an exercise price of $0.15 per share, exercisable over five years.

Key Details

• Relocated from Kelowna R&D site to a new North Vancouver facility as disclosed in the filing dated March 14 2025.
• GPU inventory grew by >200 %; total computing power now exceeds 1,400 terafloating‑point operations per second (FP32).
• Private GPU rental portal under development will provide:
• Seamless, user‑friendly access for individuals and enterprises.
• Scalable infrastructure supporting workloads from single developers to large enterprise projects.
• Company is sourcing third‑party service providers for the portal; further updates expected in coming weeks.
• Stock option grant: 1.5 million options issued to officers, directors, consultants; exercise price $0.15/share; five‑year term with possible vesting provisions.

Notable Quotes

“Establishing a physical presence in North Vancouver gives us a strong foundation to expand both operational capacity and technical resources,” said Chris Vassos, Chief Technology Officer, Hydaway Digital.
“Our new GPU rental portal represents a major step toward providing businesses and developers with direct, reliable access to high performance computing, without the barriers of traditional cloud platforms.”