HIVE Digital Technologies plans a CAD 3.5 billion, 320 MW AI gigafactory near Toronto with 100,000+ GPUs by late 2027, pivoting from crypto mining to AI.

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.