HIVE Digital Technologies .(US:HIVE) Proactiveinvestors NA·2026-03-16 12:41Core Viewpoint - HIVE Digital Technologies Ltd is expanding its artificial intelligence computing infrastructure in Canada, significantly increasing its data center capacity to meet rising demand for AI computing power [1][4]. Group 1: Expansion Plans - The company plans to increase its liquid-cooled data center capacity from 4 megawatts (MW) in Manitoba to 16.6 MW across two provinces through a partnership with Bell Canada [2]. - A new colocation facility will be established in British Columbia with an immediate capacity of 5 MW and the potential to scale by an additional 7.6 MW in a second phase [2]. Group 2: GPU Deployment - The first phase of the expansion is expected to support the deployment of up to 2,000 next-generation AI-optimized graphics processing units (GPUs), with the second phase potentially accommodating an additional 3,000 GPUs [3]. - HIVE's Canadian operations now have a growth path to over 6,000 GPUs through data center partnerships and owned facilities [4]. Group 3: Financial Strategy - The company has secured deposits with its strategic data center partner for the expanded colocation capacity, eliminating the need for additional capital expenditures for infrastructure [5]. - HIVE is targeting $200 million in contracted annualized run-rate revenue from its high-performance computing operations by the end of its fiscal year on March 31, 2027 [8]. Group 4: Broader Industry Shift - HIVE is transitioning towards AI and high-performance computing infrastructure in its international operations, including renewable-powered data centers in Sweden [9]. - The company is gradually reducing its traditional ASIC-based cryptocurrency mining activities in Sweden due to regulatory and tax challenges [10]. Group 5: Employee Incentives - HIVE announced the issuance of 2,849,400 restricted share units to employees, executives, directors, and consultants to align incentives with the company's long-term growth strategy in AI computing [11].