HIVE Digital Technologies has spent the better part of a decade running Bitcoin miners in Sweden. Now it wants the same building to run AI instead.
On June 25, 2026, HIVE (NYSE: HIVE, TSX: HIVE) announced a non-binding letter of intent with a sovereign Swedish technology company to lease its 32 MW facility in Boden, Sweden. The deal targets roughly 25 MW of critical IT load for high-performance computing colocation, structured over a 10-year term.
The client is described as an investment-grade, sovereign Swedish technology firm.
What HIVE is actually building
The Boden facility is not just being leased as-is. HIVE plans to retrofit the site to accommodate up to 10,000 GB300 GPUs, Nvidia’s latest Blackwell-generation server chips, using a hybrid liquid and air cooling system capable of rack densities up to 150 kW.
