HIVE stock rallies 35% after unveiling 320MW ‘AI gigafactory’ project in Toronto

HIVE stock rose 35% after announcing a 320MW AI gigafactory project in Toronto, which could support over 100,000 GPUs, according to Hive Digital Executive Chair Frank Holmes. The facility is expected to be a significant development in the field of AI technology. The project's unveiling led to a substantial increase in HIVE stock value.