11 Most Active Small Cap Stocks to Buy

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6. HIVE Digital Technologies Ltd. (NASDAQ:HIVE)

3-month Average Volume: 10.58 million

On March 18, HIVE Digital Technologies Ltd. (NASDAQ:HIVE) announced that its BUZZ AI Cloud platform in Paraguay is now operational, with live GPU compute nodes actively supporting workloads from a research team at Columbia University. The deployment represents the first operational cluster under the company’s broader strategy to layer AI and high-performance computing capabilities onto its renewable energy infrastructure. By demonstrating real-world use cases, the initiative serves as a proof of concept for cross-border AI compute solutions and highlights the company’s ability to monetize its infrastructure beyond cryptocurrency mining.

On March 16, HIVE Digital Technologies Ltd. (NASDAQ:HIVE) announced a fourfold expansion of its liquid-cooled AI data center capacity in Canada, increasing total capacity from 4 megawatts to 16.6 megawatts across multiple provinces. The expansion includes a new facility in British Columbia and supports the deployment of over 4,000 next-generation GPUs across its network. This rapid scaling of AI compute capacity accelerates the company’s transition toward high-performance computing services, positioning it to benefit from surging demand for AI infrastructure.

HIVE Digital Technologies Ltd. (NASDAQ:HIVE) operates sustainable data centers powered by renewable energy, supporting both Bitcoin mining and AI-driven high-performance computing workloads. As the company pivots toward AI infrastructure while leveraging its green energy advantage, it is well-positioned to capture growth in both digital assets and AI computing markets, enhancing its long-term upside potential.

While we acknowledge the potential of HIVE as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than HIVE and that has 100x upside potential, check out our report about the cheapest AI stock.

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