HIVE Digital Technologies is turning a Bitcoin mining facility in northern Sweden into a Tier III AI data center.
The facility in Boden, Sweden, currently runs at approximately 32 MW of capacity. HIVE plans to retrofit it into a liquid-cooled high-performance computing center designed to run enterprise-grade AI workloads, targeting deployment of around 2,000 NVIDIA GPUs for AI training and inference across the European Union.
From hashrate to GPU racks
Building data centers from scratch typically takes about three years before you see any revenue. HIVE’s retrofit approach is designed to compress that timeline dramatically, with the company anticipating revenue generation within roughly nine months of breaking ground.
Engineering and design work is expected to wrap up by late October 2025. Construction should begin shortly after, in the same quarter.
