HIVE Digital Technologies Ltd. (NASDAQ:HIVE) is one of the popular penny stocks on Robinhood to buy. On March 15, HIVE Digital Technologies Ltd. (NASDAQ:HIVE) announced that its wholly owned subsidiary BUZZ HPC, is expanding its liquid-cooled AI data center footprint into British Columbia (BC), Canada. The move will quadruple the company’s Canadian critical IT load capacity to a total of 16.6 megawatts through a new colocation partnership with Bell Canada AI Fabric.
The BC expansion will be in two phases. Phase 1 will deliver an immediate 5 megawatts of critical IT load, which will support the deployment of up to 2,000 next-generation, high-power-density, AI-optimized GPUs in the province. Phase 2 will enable HIVE to scale an additional 7.6 megawatts in 2027. This will support a further 3,000 GPUs and bring the total BC potential to 12.6 megawatts and over 5,000 GPUs from that location alone.
The company noted that the BC capacity complements BUZZ’s existing Manitoba facility, which carries 4 megawatts of critical IT load. Of that, 504 next-generation GPUs consuming approximately 1 megawatt are already live. Three megawatts of remaining capacity is available for roughly 1,500 additional GPUs. Combined, HIVE now has a near-term path to deploying over 4,000 GPUs across two Canadian provinces. In the longer-term, the company anticipates to deploy over 6,000 GPUs in Canada.
HIVE Digital Technologies Ltd. (NASDAQ:HIVE) is a blockchain infrastructure company. It operates data centers for cryptocurrency mining and high‑performance computing. Its facilities mine digital assets such as bitcoin and Ethereum using renewable energy sources. They also provide computing capacity for artificial intelligence and other applications.
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