HIVE Subsidiary Acquires 25 Acres for $58M to Build 320 MW AI Gigafactory in Greater Toronto Area
HIVE has more than doubled off its 52-week low of $1.6 on elevated volume (7.6× avg).
Summary
HIVE Digital's subsidiary has acquired 25 acres of land for $58 million to build a 320 MW AI gigafactory in the Greater Toronto Area, a major expansion into AI infrastructure.
Key Events · Financing and Capital Events · HIVE
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Major Land Acquisition for AI Infrastructure
HIVE's wholly owned subsidiary, BUZZ High Performance Computing Inc., completed the acquisition of two parcels of land totaling approximately 25 acres for a combined purchase price of $58 million.
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Planned 320 MW AI Gigafactory
The acquired site benefits from a 320 MW power allocation and is planned to become one of Canada's largest AI gigafactories, designed to host over 100,000 GPUs at full build-out.
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Significant Capital Investment
The overall project is expected to require a capital investment of approximately CAD $3.5 billion, with a target online date in the second half of 2027.
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Strategic Expansion into AI Compute
This acquisition significantly expands HIVE's global power capacity to over 850 MW (450 MW operating plus 400 MW pipeline), reinforcing its strategic focus on GPU-accelerated AI computing.
Analysis · HIVE · Crypto Assets
HIVE's subsidiary, BUZZ HPC, has acquired significant land for $58 million to develop a massive 320 MW AI infrastructure facility. This represents a substantial investment relative to the company's current market capitalization and is a critical step in their strategy to become a major player in AI compute. The planned 'AI gigafactory' with over 100,000 GPUs signifies a long-term commitment to the high-growth AI sector, potentially transforming HIVE's operational scale and revenue streams, though it will require substantial future capital investment (estimated CAD $3.5 billion).
How filings like this one have moved
In the 30 days to Aug 25, 2026, 43.9% of the 999 measured filings Wiseek scored 9 moved their stock by 5% or more by the next session's close. The median move was -0.15%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, HIVE was trading at $3.42 on NASDAQ in the Crypto Assets sector, with a market capitalization of approximately $878.8M. The 52-week trading range was $1.60 to $7.84. This filing was assessed with positive market sentiment and an importance score of 9 out of 10.