HIVE Digital Technologies announced a C$3.5B AI gigafactory in Toronto with 320 MW of power and over 100,000 GPUs, sending shares up nearly 30%.

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.

The bitcoin mining firm continues on its investment path into AI data centers after raising $115 million to expand its global footprint in the industry.

HIVE Digital Technologies stock surged 35% after unveiling a CAD $3.5 billion, 320MW AI gigafactory in Toronto designed to host over 100,000 GPUs by 2027.

HIVE Digital Technologies announced a C$3.5B AI gigafactory in Toronto with 320 MW of power and over 100,000 GPUs, sending shares up nearly 30%.

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.