Why Hive Digital Technologies Stock Surged Today
Source: Motley Fool
2026-05-18 16:17:33 ET
Shares of Hive Digital Technologies (NASDAQ: HIVE) spiked on Monday after the cryptocurrency miner announced an intriguing new artificial intelligence (AI) infrastructure project.
Image source: Getty Images.
Hive's wholly owned subsidiary, Buzz High Performance Computing, plans to construct an AI gigafactory in Ontario, Canada. The 320-megawatt (MW) facility is expected to feature over 100,000 graphics processing units ( GPUs ) once completed.
HIVE Blockchain Technologies Ltd
NASDAQ: HIVE
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