Bitcoin Mining Company HIVE: Swedish AI Project Could Bring $45 Million in Annual Revenue

On November 11, according to Decrypt, bitcoin mining company HIVE Digital Technologies stated that its Big Boden data center in Sweden could generate $45 million in annual revenue through a long-term AI hosting arrangement. This revenue is contingent upon securing a formal agreement, obtaining financing, completing facility upgrades, and bringing the site online.

The project involves an unnamed Swedish technology company, with a proposed lease term of up to 10 years. The letter of intent signed by both parties in June is non-binding, and negotiations are currently underway regarding terms such as security deposits and termination rights. HIVE plans to seek project financing after signing the lease, with the facility slated for upgrades to support up to 10,000 Nvidia GB300 GPUs.