HIVE Digital Technologies plans 320 MW AI gigafactory in Toronto area

The project could bolster Europe's tech independence, enhance its AI capabilities, and drive significant economic and environmental impacts. The post Ardian backs €10B AI gigafactory project outside Paris as Europe races to close gap with US and China appeared first on Crypto Briefing.

The post HIVE Digital Technologies (HIVE) Stock Rallies Over 50% on AI Gigafactory News appeared on BitcoinEthereumNews.com. Key Takeaways Situational Awareness LP, managed by Leopold Aschenbrenner, disclosed a fresh stake in HIVE during Q1 2026, acquiring approximately 3.4 million shares. BUZZ HPC, a HIVE subsidiary, revealed plans on May 18 for a 320 MW AI “gigafactory” located in the Greater Toronto Area, supported by a $58M land purchase and estimated CAD $3.5B in total capital needs. Shares jumped 34% on announcement day and eventually rose more than 50% from April’s lows to approximately $4.10. Cantor Fitzgerald upgraded its price target to $4.60 from $3 while maintaining an Overweight rating; Northland Securities initiated coverage with a Buy rating. Consensus among eight analysts stands at Strong Buy, with an average price target of $6.75—representing approximately 51% potential upside from current trading levels; the street-high target reaches $10. HIVE Digital Technologies (H

Canadian regulators approved Robinhood’s acquisition of WonderFi. The deal expands Robinhood’s crypto presence in Canada. WonderFi brings regulated Canadian crypto brands under its Robinhood umbrella. Canadian regulators have authorised Robinhood’s acquisition of WonderFi, a company that provides digital asset products and services. WonderFi, based in Toronto, stated that the Canadian Investment Regulatory Organization (CIRO) had […] The post Robinhood Acquires WonderFi After Key Regulatory Approval appeared first on Live Bitcoin News.

HIVE's AI gigafactory could redefine Canada's tech landscape, boosting local AI capabilities while emphasizing sustainable energy use. The post HIVE Digital Technologies unveils C$3.5B AI gigafactory near Toronto appeared first on Crypto Briefing.

HIVE's ambitious AI pivot could redefine crypto miners' roles, pushing them towards AI infrastructure, impacting market valuations and strategies. The post HIVE Digital Technologies plans CAD $3.5 billion AI gigafactory in Ontario appeared first on Crypto Briefing.

Hive's AI gigafactory plan highlights a strategic shift from volatile crypto mining to stable AI compute, impacting tech infrastructure dynamics. The post Hive Digital Technologies plans $2.5B AI gigafactory in Ontario by 2027 appeared first on Crypto Briefing.

HIVE's AI gigafactory could reshape Canada's tech landscape, offering data sovereignty and challenging global AI infrastructure leaders. The post HIVE Digital Technologies plans $3.5B AI gigafactory in Toronto appeared first on Crypto Briefing.

HIVE Digital is pivoting from Bitcoin mining to a CAD 3.5b, 320 MW Toronto AI “super factory” hosting 100,000+ GPUs, sending its stock up over 35% on the news. HIVE Digital Technologies, long known as a Bitcoin (BTC) mining company,…