HIVE Digital Technologies plans $3.5B AI gigafactory in Toronto
HIVE Digital Technologies is planning to build a $3.5 billion AI gigafactory in Toronto. The facility will feature over 100,000 GPUs and a power capacity of 320 megawatts, aiming to provide sovereign AI infrastructure. This move marks a significant shift from the company's previous focus on Bitcoin mining to AI technology.
- ▪HIVE Digital Technologies is investing C$3.5 billion in an AI gigafactory in Ontario's Greater Toronto Area.
- ▪The facility will house over 100,000 GPUs and have a power capacity of 320 megawatts.
- ▪The project is being developed through HIVE's subsidiary BUZZ HPC, focusing on high-performance computing.
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HIVE Digital Technologies plans $3.5B AI gigafactory in Toronto The former Bitcoin miner is betting big on sovereign AI infrastructure, with a 320-megawatt campus designed to house over 100,000 GPUs. Share Add us on Google by Editorial Team May. 20, 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 what might be the most aggressive pivot in crypto-mining history.
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