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HIVE Digital Technologies ( (TSE:HIVE) ) just unveiled an announcement.
HIVE Digital Technologies, through its BUZZ HPC unit, is expanding its AI data center footprint in Canada by quadrupling liquid-cooled capacity from 4 MW in Manitoba to 16.6 MW across Manitoba and British Columbia. The partnership with Bell Canada AI Fabric adds a new British Columbia colocation site with 5 MW available immediately and an option for a further 7.6 MW, enabling large-scale deployment of next-generation AI-optimized GPUs.
This buildout gives HIVE a near-term ramp to more than 4,000 GPUs in Canada and a growth path to over 6,000 GPUs, without requiring additional capital expenditures for securing the new colocation capacity. The expansion underpins the company’s ambition to reach $200 million in contracted annualized HPC revenue by March 2027 and strengthens its positioning in sovereign AI compute, reinforcing Canada’s role in AI infrastructure while leveraging HIVE’s dual-engine model of Bitcoin mining and high-margin AI cloud services.
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 global provider of sustainable digital infrastructure and AI compute, operating through its BUZZ High Performance Computing subsidiary. The company combines Tier-I Bitcoin mining with Tier-III AI compute services, focusing on high-power-density GPU cloud offerings and sovereign AI infrastructure across multiple continents, with a growing footprint in Canada.
YTD Price Performance: -17.23%
Average Trading Volume: 1,664,968
Technical Sentiment Signal: Strong Sell
Current Market Cap: C$744.2M
Learn more about HIVE stock on TipRanks’ Stock Analysis page.