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HIVE Digital Technologies Seeks AI Data Center Revenue
Bitcoin miner HIVE Digital Technologies is planning to generate $45 million annually from an AI data center in Sweden. The company's 32-megawatt Big Boden facility could achieve this through a long-term colocation arrangement with an unnamed, investment-grade Swedish technology company. However, the parties are still negotiating financing, customer protections, and other terms, with a definitive agreement still pending. HIVE expects to seek financing for the project after securing a signed lease, potentially through corporate bonds. The existing data center will be retrofitted for up to 10,000 Nvidia GPUs using liquid cooling to handle high-density computing racks.