02:21 PM EDT, 10/07/2025 (MT Newswires) -- Hydaway Digital (HIDE.V) on Tuesday said it opened a new facility in North Vancouver, British Columbia.

Hydaway Digital completed its expansion of its graphic processing unit (GPU) rental facility by moving from its former research and development facility in Kelowna to its new facility in North Vancouver.

The company said as a result of the expansion, it has increased its total number of GPUs by over 200% and computing power to over 1400 TFLOPS of FP32.

Additionally, Hydaway said it began development of its own private GPU rental portal, designed to "deliver scalable, on-demand access to high-performance GPUs for industries ranging from AI research and machine learning rendering, and advanced simulations".

A statement noted that the company is in the process of sourcing third-party service providers in connection with creating its private GPU rental portal and that it expects an update on these developments within the coming weeks.

"Establishing a physical presence in North Vancouver gives us a strong foundation to expand both operational capacity and technical resources," said Chief Technology Officer, Chris Vassos. "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 company's shares were last seen up $0.075 to $0.23 on the TSX Venture Exchange.

Price: 0.23, Change: +0.08, Percent Change: +48.39