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The latest announcement is out from HIVE Digital Technologies ( (TSE:HIVE) ).
On March 18, 2026, HIVE Digital Technologies announced that its BUZZ AI Cloud platform in Asunción, Paraguay had gone live with GPU compute nodes supporting large language model research for an academic team at Columbia University in New York. The deployment, hosted in a Tier-III data center run by Paraguay’s largest telecom provider, is HIVE’s first operational GPU cluster in the country and is being used to test real-world AI workloads across latency, throughput and workload management.
The Columbia team is running non-commercial LLM pre-training and optimization experiments on BUZZ Cloud, generating performance data that will guide HIVE’s roadmap for scaling high-performance AI compute capacity in Paraguay through 2027. Management framed the project as a proof-of-concept step in layering AI and HPC infrastructure onto HIVE’s existing 300 MW hydro-powered footprint, positioning Paraguay’s low-cost renewable electricity and robust fiber connectivity as strategic advantages for serving future institutional AI demand from South America and North America.
The most recent analyst rating on (TSE:HIVE) stock is a Hold with a C$3.00 price target. To see the full list of analyst forecasts on HIVE Digital Technologies stock, see the TSE:HIVE Stock Forecast page.
Spark’s Take on HIVE Stock
According to Spark, TipRanks’ AI Analyst, HIVE is a Neutral.
Overall score reflects a solid balance sheet and growth trajectory (including upbeat HPC/GPU guidance), offset by weak/volatile profitability with deeply negative free cash flow and a clearly bearish technical setup (price below all key moving averages with negative momentum indicators).
To see Spark’s full report on HIVE stock, click here.
More about HIVE Digital Technologies
HIVE Digital Technologies is a Canada-incorporated provider of sustainable digital infrastructure, operating next-generation Tier-I and Tier-III data centers across Canada, Sweden and Paraguay. Founded in 2017 as the first publicly listed company to mine digital assets using green energy, it now serves both Bitcoin mining and high-performance computing clients via hashrate services and GPU-accelerated AI computing, targeting environmentally responsible solutions for the global digital economy.
Average Trading Volume: 1,653,748
Technical Sentiment Signal: Strong Sell
Current Market Cap: C$759.4M
For a thorough assessment of HIVE stock, go to TipRanks’ Stock Analysis page.