Mentioned:
HIVE -13.96% AMCI -7.87%
HIVE Digital Technologies has a bold new ambition: building one of the largest data centres in Canada.
What’s happening:
- HIVE Digital Technologies (NASDAQ: HIVE) has publicly stated they are planning to build a 320 megawatt data centre located in the Greater Toronto Area
Why it matters:
- This is the single largest data centre that HIVE Digital Technologies has ever committed to build and would be one of the largest data centres in Canada based on total power capacity
Going deeper:
- HIVE Digital Technologies’ new data centre would be capable of hosting more than 100,000 GPUs at full capacity for training artificial intelligence workloads
- HIVE Digital Technologies has also publicly stated they expect it will cost $3.5B USD to build out their new data centre
The intrigue:
- HIVE Digital Technologies has been ramping up their bets on the future of high performance computing lately, including notably striking a deal with AMC Robotics (NASDAQ: AMCI) to provide them with access to GPUs to train artificial intelligence models for robotics
