HIVE Digital Technologies shares rose about 25% on June 22 to around $5.20, their highest level in seven months, as investors responded to Columbia University-backed research on the company’s Paraguay GPU infrastructure and a recently announced C$220 million, three-year AI cloud contract linked to Bell Canada and Cohere. The Columbia study found HIVE’s software-optimized Nvidia A40 GPU cluster in Paraguay approached H100-class performance on certain roughly 1.4 billion-parameter AI pretraining tasks, reinforcing the Bitcoin miner’s effort to reposition itself as AI computing infrastructure provider. The rally also reflects growing market support for HIVE’s broader diversification strategy, including its planned Yguazú high-performance computing campus targeted to begin operating in the second half of 2027.