HIVE Digital Technologies plans 320 MW AI gigafactory in Toronto area
HIVE Digital Technologies is planning to build a 320 MW AI gigafactory in the Greater Toronto Area, marking a significant investment in AI infrastructure. The project, estimated to cost CAD 3.5 billion, aims to house over 100,000 GPUs by late 2027. This initiative represents a major shift for the company, which previously focused on cryptocurrency mining.
- ▪HIVE Digital Technologies plans to invest CAD 3.5 billion in an AI gigafactory.
- ▪The facility will be capable of housing over 100,000 GPUs when fully operational.
- ▪The targeted completion date for the project is the second half of 2027.
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HIVE Digital Technologies plans 320 MW AI gigafactory in Toronto area The former crypto miner is betting CAD 3.5 billion on a massive GPU campus that could house over 100,000 chips by late 2027. Share Add us on Google by Editorial Team May. 21, 2026 window.sevioads = window.sevioads || []; var sevioads_preferences = []; sevioads_preferences[0] = {}; sevioads_preferences[0].zone = "01f21ccf-2092-46b1-9ac7-8c44cc782e0f"; sevioads_preferences[0].adType = "native"; sevioads_preferences[0].inventoryId = "c5700508-581b-472c-8fdd-a931cdbfc8e1"; sevioads_preferences[0].accountId = "1e47efc1-ec2d-4fca-a8b9-354e249e5095"; sevioads.push(sevioads_preferences); HIVE Digital Technologies just announced one of the largest AI infrastructure projects in Canadian history.
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