HIVE Digital Technologies just bought the house it’s been renting for eight years. The Boden Municipal Council in northern Sweden has approved the company’s acquisition of the Big Boden data center, a 32 MW facility that HIVE has operated as a tenant since January 2018.
From tenant to owner, from mining to AI
Over the past eight years, HIVE has invested more than 960 million SEK, roughly $100 million, into the local economy. It has also paid north of 575 million SEK, or $60 million-plus, in taxes to Swedish authorities.
The financial terms of the acquisition itself haven’t been disclosed, and the deal remains subject to customary closing conditions.
HIVE plans to upgrade the facility to support 2,000 NVIDIA GPUs dedicated to AI workloads. The work will be channeled through BUZZ, HIVE’s subsidiary focused on high-performance computing and AI infrastructure. The company is targeting Tier III+ certification for the site.
