HIVE Weaponizes Power for an AI Pivot

Summary

HIVE Digital Technologies TodayHIVEHIVE Digital Technologies$3.32 -0.14 (-3.90%) As of 03:27 PM Eastern This is a fair market value price provided by Massive. Learn more.Price Target$6.34 HIVE Digital Technologies NASDAQ: HIVE is executing a masterclass in capital reallocation, weaponizing its legacy crypto-mining power portfolio to capture the explosive demand for sovereign artificial intelligence infrastructure. By launching a C$3.5 billion (about $2.54 billion), 320-megawatt AI gigafactory in Toronto, the company commands an immediate valuation reset from a cyclical tier-two Bitcoin miner to a high-margin data center powerhouse. This aggressive pivot capitalizes on systemic global compute scarcity, creating a massive premium for secured megawatts and leaving legacy short sellers trapped in a fundamental re-rating. The market registered this strategy shift with force on May 18, 2026, sending HIVE Digital Technologies' share price up 28% on a volume of 111 million shares, nearly eight times its daily average. For investors in the sector, this should not be seen as a momentary spike but as a repricing event for a company that has successfully transformed its core business model to align with one of the most powerful secular growth trends of the decade. From Mining Rigs to Intelligence FactoriesHIVE Digital Technologies' strategic pivot hinges on the announcement from its wholly-owned subsidiary, BUZZ HPC. The plan is to build one of Canada's largest AI gigafactories in the Greater Toronto Area, an industrial-scale facility with 320 MW of utility capacity. Engineered to host over 100,000 high-performance GPUs, the project targets an online launch in the second half of 2027. This move repositions HIVE Digital Technologies from a company that consumes power to one that is monetizing it at a significant premium. In the AI gold rush, power, not just processing chips, is the ultimate bottleneck. Hyperscalers can procure GPUs, but they cannot conjure the electrical infrast...