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Bitcoin Miner HIVE Plans 320MW AI Data Center in Toronto
Bitcoin mining company HIVE announced plans to build a 320-megawatt AI data center in Toronto. The project is expected to support more than 100,000 GPUs. HIVE shares rose 35 percent after the announcement.
May 18, 10:42 AM·1m read1 source
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Bitcoin mining company HIVE announced plans to build a 320-megawatt AI data center in Toronto. The facility is expected to support more than 100,000 GPUs. Company officials said the project will repurpose existing infrastructure previously used for cryptocurrency mining. HIVE shares rose 35 percent following the announcement.
The company stated that the Toronto site will focus on high-performance computing for artificial intelligence workloads. Officials noted that the 320-megawatt capacity represents a significant expansion of the company's energy infrastructure. No specific timeline for construction or operational start was provided in the announcement.
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