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Why Hive Digital Technologies Stock Surged Today

TheMotleyFool

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Why Hive Digital Technologies Stock Surged Today: https://g.foolcdn.com/editorial/images/870840/data-centers-gettyimages-1131198259.jpg

Shares of Hive Digital Technologies (NASDAQ: HIVE) spiked on Monday after the cryptocurrency miner announced an intriguing new artificial intelligence (AI) infrastructure project.

Image source: Getty Images.

Hive's wholly owned subsidiary, Buzz High Performance Computing, plans to construct an AI gigafactory in Ontario, Canada. The 320-megawatt (MW) facility is expected to feature over 100,000 graphics processing units (GPUs) once completed.

Source Fool.com

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