HIVE Announces 320MW AI Gigafactory in Toronto, Stock Rallies 35%
Bitcoin miner HIVE has announced plans for a 320MW AI gigafactory project in Toronto, expected to support over 100,000 GPUs. The company's stock price surged 35% following the announcement.
$HIVE +17%>Announces 320MW AI factory in Greater Toronto>Expected to become one of Canada's largest, with 100k+ GPUs at full build-out>HIVE has acquired 25 acres for $46M+ >CAD $3.5B estimated capital investment>Target online 2H27
HIVE stock rallies 35% after unveiling 320MW 'AI gigafactory' project in Toronto
JUST IN: Bitcoin miner HIVE surged 35% after unveiling plans for a 320MW AI gigafactory project in Toronto expected to support over 100,000 GPUs.
JUST IN: Bitcoin miner HIVE surged 35% after unveiling plans for a 320MW AI gigafactory project in Toronto expected to support over 100,000 GPUs. https://t.co/xP2kefXeXI