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HIVE's AI Data Center: Job Boost & Tech Shift
Description
HIVE Digital Technologies is expanding its AI infrastructure with a massive 320 MW data center campus near Toronto, set to complete by 2027. This project will house over 100,000 graphics processing units, boosting their BUZZ HPC operations. The company, known for Bitcoin mining, is shifting focus to high-performance computing for AI, utilizing renewable energy sources. Despite tough first-quarter earnings in the mining sector, the growing contribution from AI and HPC services is becoming a crucial lifeline for these companies. The new facility is expected to create over 800 construction jobs and numerous permanent technical positions.
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