POPA ReconHIVE Digital Technologies Rallies 35% After Unveiling 320MW AI Gigafactory in Toronto
HIVE Digital Technologies Rallies 35% After Unveiling 320MW AI Gigafactory in Toronto HIVE Digital Technologies shares surged as much as 40% after the company announced a major expansion into AI infrastructure. The move follows a $58M land acquisition in Toronto aimed at building an industrial-scale AI data center. The planned facility targets around 320MW of capacity and over 100,000 GPUs once fully deployed. HIVE is positioning the site as one of Canada’s largest AI “gigafactories,” marking a deeper shift from crypto mining toward high-performance computing. The company continues to pivo…
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