HIVE Digital Technologies invests in fiber upgrade, secures Toronto Stock Exchange listing approval

Hive Digital Technologies Executive Chairman Frank Holmes joined Steve Darling from Proactive to announce a major infrastructure upgrade at the company’s Grand Falls data centre in New Brunswick, alongside a key milestone in its public market presence. Through its subsidiary Buzz High Performance Computing, HIVE has contracted a new fibre optic network overbuild and carrier transport upgrade for the Grand Falls facility. The initiative represents a critical step in transforming the site into a Tier III high-performance computing (HPC)-enabled data centre, supporting the company’s expansion into artificial intelligence and advanced computing workloads. HIVE expects to commit approximately $3.1 million over five years toward the project. Holmes noted that the investment aligns with the company’s broader growth strategy, supported in part by proceeds from its recent $115 million exchangeable note offering. These funds are being directed toward scaling HIVE’s GPU-powered AI infrastructure and advancing Tier III HPC data centre capabilities, with the New Brunswick campus conversion identified as a key objective for 2026. The Grand Falls site is already energized with approximately 70 megawatts of gross load capacity, with buildings and core electrical systems in place. Buzz High Performance Computing is now working to convert the facility into a 50-megawatt Tier III+ AI-focused data centre designed to support enterprise, government, and sovereign AI applications. In partnership with a Canadian telecommunications carrier, the upgrade will include the installation of dedicated high-capacity optical wavelength services, featuring multiple 100 Gbps and 400 Gbps fibre connections. Initial delivery of these high-speed services is expected to begin in the third quarter of 2026, with the carrier contributing significant additional capital to complete the broader network enhancements. In a separate development, Holmes confirmed that HIVE has received final approval to list its common shares on the Toronto Stock Exchange. Trading is set to commence at market open on May 12, 2026, with the company maintaining its “HIVE” ticker symbol on both the TSX and the Nasdaq Stock Market. The dual listing is expected to enhance HIVE’s visibility among Canadian investors while supporting its continued growth as a global player in AI infrastructure and high-performance computing. #proactiveinvestors #hivedigitaltechnologieslet #tsxv #hive #nasdaq #hive #AIInfrastructure #HighPerformanceComputing #HPC #DataCenters #ArtificialIntelligence #CloudComputing #FiberOptics #NewBrunswick #TechInfrastructure #GPUComputing #AIExpansion #TSX #Nasdaq #DigitalGrowth