HIVE's stock price surged by over 35% at the opening, and it will build a 320MW AI "super factory" in Toronto BlockBeats News: On May 18th, HIVE Digital, a Bitcoin mining company transforming into an AI infrastructure company, announced plans to build a 320MW AI infrastructure park in the Toronto area, with the goal of creating one of Canada's largest sovereign AI "super factories". After the announcement, HIVE's stock price rose by over 35% at the opening on Monday. HIVE stated that the project is being promoted by its high-performance computing subsidiary BUZZ and is expected to accommodate over 100000 GPUs upon completion. The goal is to put it into operation in the second half of 2027. The total investment of the project is expected to be approximately CAD 3.5 billion (USD 2.55 billion), which will be used for the construction of large-scale data centers for training and running AI models. In recent years, HIVE has continued to promote the transformation of its business from traditional Bitcoin mining to AI and high-performance computing infrastructure. Previously, it has expanded its GPU cluster and AI data center business in Paraguay and Sweden. [Original link]