HIVE: Shares Peak on Ontario AI Gigafactory Reveal

HIVE shares reached their highest level this year after the Bitcoin miner announced plans for an Ontario AI Gigafactory, accelerating its pivot from pure BTC mining operations into high-margin AI infrastructure.

Bitcoin miners have spent the past year shifting capacity toward AI data centers to capture surging demand, and HIVE Digital Technologies now joins that rotation with its Ontario project targeting the AI industry impact.

Price action on the 4h chart shows BTC at $76626.39 sitting inside Bollinger Bands with upper resistance at $79698, while the EMA50 at $79016 acts as immediate overhead resistance and the EMA200 at $77371 offers the next support layer; MACD death cross at -828 keeps momentum bearish, suggesting a probable retracement toward the $76355 lower band before any sustained continuation.