HIVE Digital Technologies just went from renting to owning in one of Europe’s most strategically interesting energy markets. The Boden Municipal Council in Sweden approved HIVE’s acquisition of the 32 MW Big Boden data center, a facility the company has operated out of since 2018.
The deal transforms HIVE from a long-term tenant into the outright owner of a site that will be upgraded to handle enterprise-grade AI workloads.
What HIVE is actually building
The Big Boden data center sits in northern Sweden, a region blessed with abundant hydroelectric power.
HIVE plans to upgrade the facility to Tier III standards. Tier III is a certification level that guarantees 99.982% uptime, meaning the site can undergo maintenance without going offline. That’s the baseline requirement for serious enterprise customers who need always-on AI compute.
