HIVE Builds Canadian AI Infrastructure Empire
HIVE Digital Technologies is positioning itself at the intersection of Canada's demand for AI infrastructure and the growing need to explain where the land, electricity, and water required to build it will come from.
The company has pivoted from its mining mandate to acquiring GPU-based cryptocurrency data centers and repurposing GPUs toward high-performance computing and cloud applications.
In 2027, HIVE expanded aggressively in Paraguay, adding 18 EH/s across 300 MW of capacity through its Valenzuela and Yguazú developments. The company's installed Bitcoin mining capacity is approximately 25.5 EH/s.
The secondary HPC segment is becoming increasingly more material to the company's bottom line, with revenue up almost 47% year-over-year in Q1 2027.