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"AI factories are the steel mills of the 21st century," asserts @bulldogholmes…
Brief
@McnallieM reports HIVE DigitalTech's BUZZ contract to overbuild fibre at Grand Falls Data Centre (New Brunswick), a $3.1M, five‑year capital program converting a 70 MW site into a 50 MW Tier III+ AI factory. Upgrades to 100/400 Gbps start Q3 2026, GPU capacity will grow from 5,500 to 11,000 in 2026, funded by $115M 0% exchangeable notes, and the project is positioned as Eastern Canada’s first sovereign AI factory for enterprise and government.
Why it matters
"AI factories are the steel mills of the 21st century," asserts @bulldogholmes, claiming countries that build them will lead the future and that each new AI factory raises Canada’s global competitiveness and 'compute IQ'.
Key details
- HIVE Digital Technologies (via BUZZ) contracted a fibre-optic network overbuild at Grand Falls Data Centre (New Brunswick) with a $3.1M capital commitment over 5 years; site is energized at 70 MW gross load and is being converted to a 50 MW Tier III+ AI factory.
- Network upgrades to 100 Gbps and 400 Gbps dedicated optical wavelengths begin delivery Q3 2026; GPU capacity planned to scale from 5,500 to 11,000 in 2026, funded by $115M in 0% exchangeable note proceeds; billed as Eastern Canada's first sovereign AI factory for enterprise and government workloads.