HIVE Digital Subsidiary Secures $129 Million Loan for Texas AI Data Center Project
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Key Takeaways
- BUZZ HPC secured approximately $129 million in financing.
- The loan features a 9.0% fixed interest rate.
- The financing is structured at an 80% loan-to-cost ratio.
- Funds will be used to expand sovereign AI infrastructure and the BUZZ Alpha Cloud.
BUZZ High Performance Computing Inc. (BUZZ HPC), a wholly owned subsidiary of HIVE Digital Technologies Ltd. (TSX: HIVE) (NASDAQ: HIVE), has secured a financing package valued at approximately $129 million. The debt carries a fixed interest rate of 9.0% and is structured at an 80% loan-to-cost ratio.
The proceeds are designated for the expansion of sovereign AI infrastructure, specifically supporting the BUZZ Alpha Cloud. The announcement was made from San Antonio, Texas, where the company is focused on scaling its high-performance computing (HPC) capabilities.
This financing follows HIVE's strategic efforts to build out specialized data center capacity. By securing a 9.0% fixed rate, the company establishes a predictable cost of capital for its subsidiary's infrastructure projects.
The news release serves as a 'designated news release' for the purposes of the Company's amended and restated prospectus supplement dated June 16, 2026, to its short form base shelf prospectus dated October 31, 2025.
