Hive Digital Technologies’ stock price popped on Monday, touching its highest point of the year after the Bitcoin miner unveiled a massive data center buildout in Ontario, Canada.

The company’s shares changed hands around $3.39, a 26% increase on the day, according to Yahoo Finance. Shortly before Monday’s opening bell, Hive’s stock price soared to $3.92, temporarily extending gains beyond 35% year-to-date.

Hive reported that subsidiary Buzz High Performance Computing plans to construct an “AI Gigafactory” in the Greater Toronto Area, which will have roughly 320 megawatts (MW) of utility capacity—enough to power at least 200,000 average homes.

The firm, which began its strategic pivot away from being a…