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HIVE stock rallies 35% after unveiling 320MW 'AI gigafactory' project in Toronto

TB
The Block Editorial
(02:07 PM UTC)
1 min read
EW
Approved byEmily Watson

HIVE shares were up over 35% on Monday morning at market open after the bitcoin miner-turned-digital infrastructure company unveiled plans for what it says could become one of Canada's largest sovereign AI "gigafactories' in the Greater Toronto Area.

Hive Digital (HIVE) stock price chart. Source: Google Finance

The company said its BUZZ High Performance Computing subsidiary is moving forward…

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