Bitcoin mining company HIVE invests $58 million to purchase a Toronto plot for building an AI computing center, causing its stock price to rise by over 40% at one point According to TechFlow, on May 18th, Bitcoin mining company HIVE Digital Technologies purchased land in the Toronto area for $58 million and plans to build an industrial grade AI computing center through its BUZZ High Performance Computing subsidiary. After full operation, the facility is expected to support approximately 320 MW of capacity and over 100000 GPUs, and may become one of Canada's largest computing "super factories". Affected by the news, HIVE's stock price rose by about 45% at one point. Two weeks ago, HIVE raised $115 million to expand its global data center layout and GPU production capacity.