Factor Model (net -2.5)
Factor Model
net -2.5 5.9 / 10HIVE plans massive $3.5B AI data center
Watch: Watch AI data center progress and GPU deployments, critical for unlocking revenue and calming short interest.
HIVE is pushing ahead with a $3.5 billion, 320 MW AI data-center gigafactory near Toronto, one of Canada’s largest, expected to host over 100,000 GPUs. The company expanded its Paraguay Yguazú Campus to 300 MW, targeting 400 MW by year-end 2026. Cantor Fitzgerald raised HIVE's price target to $4.60 and maintained an Overweight rating amid a 9.2% stock jump. Short interest rose 22% to 33.9 million shares, signaling notable bearish pressure.
The investment signifies HIVE's pivot to AI infrastructure could transform revenue streams but bears risk from rising short interest and mixed analyst sentiment.
Evidence
7 older signals
Fundamentals & Data ▾
Recent transactions
Keep reading the market
Direction shifts, insider clusters, filing red flags, and earnings call changes stay published on the site.