HIVE buys $58 million Toronto plot for AI facility; shares climb

CoinDesk Staff

(03:32 PM UTC)

1 min read

The bitcoin mining firm continues on its investment path into AI data centers after raising $115 million to expand its global footprint in the industry.

HIVE Digital Technologies (HIVE) shares climbed as much as 40% Monday after the bitcoin BTC$76,866.23 mining firm said it spent $58 million buying land in Toronto to develop an industrial-scale AI center.

The land, purchased through the company's…

COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.

Add COINOTAG as a Preferred Source

Add COINOTAG to your preferred sources in Google News and Search to see our coverage first.

Add on Google

Comments