The new report says HIVE Digital Technologies is planning a 320 MW AI gigafactory in the Toronto area, adding capacity detail to its Ontario project and highlighting its push toward long-term AI infrastructure demand.
HIVE Digital Technologies is planning a $2.5 billion artificial intelligence gigafactory in Ontario targeted for 2027, and the latest report adds that the facility is planned at 320 megawatts in the Toronto area. The update expands the project’s known specifications beyond the earlier cost and timeline details, while reinforcing HIVE’s strategic move from volatile crypto mining revenue toward artificial intelligence compute infrastructure. The report also says the project could help HIVE attract long-term AI clients and alter the competitive landscape for digital infrastructure.