HIVE Digital Technologies .(US:HIVE) TMX Newsfile·2026-03-16 06:20Core Viewpoint - HIVE Digital Technologies Ltd. is expanding its AI data center capacity in Canada, increasing its liquid-cooled AI data center capacity from 4 MW to 16.6 MW, which will support the deployment of over 6,000 next-generation AI-optimized GPUs across two provinces [2][4][6]. Expansion of AI Data Center Capacity - The expansion includes a new colocation facility in British Columbia, providing an immediate 5 MW of capacity with an option to scale an additional 7.6 MW, facilitating the deployment of approximately 2,000 high-power density AI-optimized GPUs [3][4]. - The total capacity across Canada will now support over 4,000 GPUs, with a target of achieving 6,000 new GPU deployments by the end of the fiscal year [3][6]. Financial Projections and Revenue Targets - The company aims for $200 million in contracted annualized run-rate revenue (HPC ARR) by the end of the fiscal year, with 4,000 GPUs targeted for contracted revenue in the next 6 months [6]. - The expansion does not require additional capital expenditures, as deposits made in 2025 are sufficient to secure the growth pipeline [5]. Strategic Focus and Market Position - HIVE is positioning itself as a leader in sovereign AI compute, emphasizing the importance of controlling AI infrastructure for global innovation [7]. - The company is transitioning from traditional hashrate production to high-performance computing and AI infrastructure, with ongoing upgrades to its facilities in Sweden [9][13]. Community and Economic Impact - HIVE's operations in Sweden have contributed to the local economy and supported community initiatives, while the new AI data centers are expected to bolster local economic growth and attract technology-focused businesses [8][15]. Employee Alignment and Incentives - The company is granting 2,849,400 Restricted Share Units (RSUs) to align management with shareholders and foster long-term value creation [16][17].