Today, $HIVE recorded a sharp rally. If we put aside rumors circulating in the market like Leopoldo’s fund bought HIVE, the real catalyst behind this rally is a concrete mega project announced directly by the company itself.

BUZZ HPC, a subsidiary of HIVE, is launching a massive artificial intelligence infrastructure project, an AI gigafactory, worth C$3.5B in Ontario, in the Greater Toronto Area. They have already completed the purchase of a total of 25 acres of land for the project by paying approximately C$58M.
320 MW Power Capacity. An energy allocation at this scale means that once the facility reaches full capacity, it could support more than 100,000 GPUs. This is a massive scale advantage. With this move, HIVE is transforming into one of North America’s largest players in the hottest area of the market, High Performance Computing, or HPC, and artificial intelligence data centers. The facility is planned to come online in the second half of 2027. The medium to long term growth story is now quite strong.
In a good market, this news could have been priced much more aggressively, and momentum could have continued afterward.