Waterloo Innovation Network 3 Inc. (formerly known as Waterloo Innovation Network Inc.) and Waterloo Innovation Network 2 Inc.

Outcome brief

Waterloo Innovation Network: the reverse vesting order, as signed

On October 30, Justice W.D. Black approved Hyperion Compute Corp.'s sealed-price subscription for the shares of 176 Columbia Street West's owner, vesting excluded liabilities in a new ResidualCo where released claims keep "the same nature and priority." The order grants provisional execution and provides that the principal's 2018 guarantee will not secure the debt the company keeps.

3 November 2026

Case update

Waterloo Innovation Network: a motion against the lender's charges

The debtors' former COO and the property-management company that officer owns ask the court on October 30 to discharge the lender's $8 million and $15 million charges on 176 Columbia Street West and stay the reverse vesting motion. The receiver puts WIN2's balance owing at $40,017,360.97 and calls the lender the fulcrum creditor.

29 October 2026

Case update

Waterloo Innovation Network: a 3.06% loan and a third of the buyer

Fuller Landau seeks approval on October 30 of a reverse vesting deal giving Hyperion Compute Corp. all the shares of 176 Columbia Street West's owner, keeping a 13 MW power application with that company. Ninepoint would leave part of its debt there at 3.06% for 36 months and, with associated entities, hold 33.33% of Hyperion.

8 October 2026

Case update

Waterloo Innovation Network: a data centre unsold, and no report ordered

On September 8, Justice W.D. Black declined to order the receiver of 176 Columbia Street West, the Waterloo office and data centre securing a debt the lender put at $32,193,111.56, to report on why the building has not sold; the receiver, which refunded HIVE Digital $4,036,742.49 in deposit and interest after HIVE declined to waive the condition in its 2025 purchase agreement, told the court a firm deal may be in hand soon and its terms are confidential.

9 September 2026