Sweden's HIVE Digital buys 32 MW Big Boden data center to boost AI computing with renewable power

HIVE Digital Technologies has acquired the 32 MW Big Boden data center in northern Sweden, transitioning from tenant to owner. The facility, powered by abundant hydroelectric energy, will be upgraded to Tier III standards to support enterprise-grade AI workloads with NVIDIA GPU clusters. This move aligns with HIVE's strategic shift from cryptocurrency mining to AI services, leveraging Sweden's renewable energy and European market access. Ownership gives HIVE control over upgrades and financial benefits, though execution risks remain due to the complex infrastructure changes required.