Hive Digital Technologies announced a CAD $3.5B AI gigafactory near Toronto with 320 MW capacity and over 100,000 GPUs, targeting a 2027 launch date.

Hive Digital Executive Chair Frank Holmes said the facility could eventually support more than 100,000 GPUs.

Hive Digital Technologies’ stock price popped after the Bitcoin miner unveiled a massive data-center buildout in Ontario, Canada.