HIVE Digital Technologies AI Gigafactory: CAD 3.5B, 320MW for Ontario

HIVE Digital Technologies don announce CAD 3.5B AI gigafactory for Ontario, big switch from Bitcoin mining to hosting AI infrastructure. Dem go build the project through their BUZZ High Performance Computing Inc. unit and dem dey target make e start work for H2 2027. Latest details add scale markers for traders: HIVE secure about 25 acres for Greater Toronto Area for CAD 58M and secure 320MW dedicated clean power, fit allow 100,000+ GPUs (vs. about 5,500 GPUs now). The 320MW allocation dey come out roughly +38% to HIVE’s existing 850MW+ global power footprint, show say “power availability” na the gating factor for data centers. Market react quick after the May 18, 2026 announcement, reports say HIVE shares jump about 28%–40%. Key near-term watch things be execution risk (construction timelines, GPU supply constraints), and financing/customer contracting structure for such large capex. For crypto traders, this HIVE Digital Technologies AI gigafactory headline mainly about miner re-rating toward AI/compute narratives rather than direct BTC fundamental driver. E still fit affect positioning for crypto “energy-to-compute” plays, but BTC market impact likely secondary unless capital markets or customer pre-commitments really change the outlook for miner cash flow.