Original News Release
Hydaway opens facility in North Vancouver
Mr. Karl Kottmeier reports
HYDAWAY DIGITAL EXPANDS OPERATIONS WITH NEW NORTH VANCOUVER FACILITY AND PROPRIETARY GPU RENTAL PORTAL EQUIPMENT; SETS INCENTIVE OPTIONS
Hydaway Digital Corp. has opened a new facility in North Vancouver, B.C. This move marks a key step in strengthening the company's infrastructure and supporting its next phase of development and innovation.
As set out in the company's filing statement dated March 14, 2025, and following completion of its qualifying transaction, Hydaway Digital completed its expansion of its graphic processing unit rental facility by moving from its former research and development facility in Kelowna to its new facility in North Vancouver, B.C. As a result of the expansion, Hydaway Digital has increased its total number of GPUs by over 200 per cent and computing power to over 1,400 terafloating point operations per second of FP32.
In addition to the new location, Hydaway Digital has begun development of its own private GPU rental portal, designed to deliver scalable, on-demand access to high performance GPUs for industries ranging from artificial intelligence research and machine learning rendering and advanced simulations.
"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 of 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."
The private GPU rental portal will provide:
Seamless access: a user-friendly platform for individuals and enterprises to access GPU power;
Scalability: infrastructure capable of supporting workloads from single developers to enterprise-scale projects.
This initiative underscores Hydaway's commitment to providing access to compute power and positioning itself at the forefront of the rapidly expanding GPU-as-a-service market.
Hydaway is in the process of sourcing third party service providers in connection with creating its private GPU rental portal and anticipates an update on these developments within the coming weeks.
The company also announces it has granted a total of 1.5 million stock options to its officers, directors and consultants. The options are exercisable at a price of 15 cents per share for a period of five years from the date of grant. Vesting provisions may apply.
About Hydaway Digital Corp.
The company is a computer rendering and GPU rental service provider located in North Vancouver, B.C. Computer rendering is the process of generating an image or animation using a computer program, often referred to as a rendering engine, which involves using mathematical calculations and algorithms to create digital models or objects, scenes and environments that can be manipulated and viewed from different angles and perspectives. Lighting, materials, textures and other techniques are used in computer rendering to make the images and animations look realistic and visually appealing.
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