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Wajeeh Khan

HIVE Stock Soars on New Plans for AI Infrastructure Campus

Hive Barchart HIVE Digital Toronto

HIVE Digital (HIVE) shares closed meaningfully higher on May 18 after the company announced an ambitious plan to build a $3.5 billion artificial intelligence (AI) gigafactory in Toronto.

According to its press release, the huge 25-acre campus will command a 320-MW power allocation capable of hosting more than 100,000 high-performance graphics processing units (GPUs).

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