HIVE Digital Technologies Ltd (NASDAQ:HIVE) is one of the crypto stocks with huge upside potential. On March 16, HIVE Digital Technologies Ltd (NASDAQ:HIVE) announced a major expansion of its liquid‑cooled AI data center capacity in Canada, scaling from 4 MW to 16.6 MW through its BUZZ High Performance Computing unit and a partnership with Bell Canada AI Fabric.

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The new British Columbia facility adds 5 MW immediately, with room to grow another 7.6 MW, while Manitoba continues at 4 MW with 504 GPUs already deployed. HIVE expects to roll out 4,000 AI‑optimized GPUs within six months, targeting $200 million in contracted annualized revenue by 2027.

At the same time, HIVE is winding down its ASIC‑based Bitcoin mining operations in Sweden, citing regulatory disputes and tax enforcement actions. The company is converting its 7 MW Boden site into a Tier‑III GPU cluster hub built on NVIDIA GB300 architecture, signaling a strategic pivot from traditional crypto mining toward high‑performance computing and AI workloads. Despite negative free cash flow over the past year, HIVE emphasized that no new capital expenditures are required for the expansion, underscoring its shift from volatile crypto hashrates to more stable GPU‑driven revenue streams.

On March 13, HIVE Digital Technologies Ltd. announced a strategic collaboration with AMC Robotics to advance next‑generation AI‑driven robotics and scalable infrastructure. AMC has already begun leveraging HIVE’s GPU cloud resources for development, testing, and deployment, with both companies exploring opportunities in AI optimization and data processing.

HIVE Digital Technologies Ltd. (NASDAQ:HIVE) builds and operates green-energy-powered data centers to support Bitcoin mining and Artificial Intelligence (AI) High-Performance Computing (HPC). It is recognized as a leader in sustainable digital infrastructure, utilizing hydroelectric and geothermal power in countries like Canada, Sweden, and Paraguay.

While we acknowledge the potential of HIVE as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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