HIVE Digital Technologies Announces C$3.5 Billion AI Gigafactory in Toronto, Pivoting from Bitcoin Mining

HIVE Digital Technologies announced a $2.54 billion (C$3.5 billion) AI gigafactory in Toronto as part of its strategic pivot from Bitcoin mining to high-margin AI infrastructure. The company's shares surged 28% on May 18, 2026, with trading volume nearly eight times the daily average.

By Jeffrey Neal Johnson, MarketBeat Tue, May 19, 2026 at 9:40 PM GMT+3 5 min read · Yahoo Finance · May 19, 2026, 18:40 UTC

Tickers: $HIVE $NVDA

Topics: AI data centers infrastructure investment stock performance

Read the full article at Yahoo Finance

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