HIVE Digital Technologies plans CAD $3.5 billion AI gigafactory in Ontario
HIVE Digital Technologies is investing CAD $3.5 billion to build a large AI gigafactory in Ontario. The facility will have a capacity of 320 MW and is expected to host over 100,000 GPUs, marking a significant shift from the company's Bitcoin mining roots. This project is anticipated to begin operations in the second half of 2027 and has already positively impacted HIVE's stock price.
- ▪HIVE Digital Technologies plans to build a CAD $3.5 billion AI gigafactory in Ontario.
- ▪The facility will secure 320 MW of clean power and occupy 25 acres near Toronto.
- ▪HIVE aims to host over 100,000 GPUs, significantly increasing its current operations.
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HIVE Digital Technologies plans CAD $3.5 billion AI gigafactory in Ontario The former Bitcoin mining company is betting big on AI infrastructure, securing 320 MW of clean power and 25 acres near Toronto for a facility that could house over 100,000 GPUs. Share Add us on Google by Editorial Team May. 22, 2026 (function () { var s = document.currentScript; var wrapper = s && s.closest ? s.closest('.cb-sevioads-inarticle') : null; var inMobile = wrapper && wrapper.closest('#mobile-articles'); var inDesktop = wrapper && wrapper.closest('#desktop-articles'); if (inMobile || inDesktop) { var isDesktopVp = window.matchMedia('(min-width: 768px)').matches; var matches = (inMobile && !isDesktopVp) || (inDesktop && isDesktopVp); if (!matches) { var sevioDiv = wrapper.querySelector('.sevioads'); if…
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