HIVE Digital Technologies gains approval to acquire Swedish data center in Boden
Key takeaways
- The acquisition, which remains subject to customary closing conditions, would allow HIVE to transition from leasing the site to owning it outright.
- "Sweden, Paraguay, Canada: the thread connecting all of our operations is the same.
- “Boden has been an exceptional partner for nearly eight years, and this acquisition is our commitment to continue earning that relationship,” Holmes said.
HIVE Digital Technologies gains approval to acquire Swedish data center in Boden HIVE Digital Technologies gains approval to acquire Swedish data center in Boden Proactive uses images sourced from Shutterstock Proactive Thu, June 18, 2026 at 7:38 PM GMT+7 2 min read HIVE HIVE Digital Technologies Ltd (TSX:HIVE, NASDAQ:HIVE, FRA:YO0, BVC:HIVECO) announced that it has received approval from the Boden Municipal Council to acquire the Big Boden 32-megawatt data center in Sweden from Bodens Utvecklings AB, a facility that has housed the company s Swedish operations since 2018.
The acquisition, which remains subject to customary closing conditions, would allow HIVE to transition from leasing the site to owning it outright.
HIVE said it has invested more than 960 million Swedish kronor (about $100 million) in the Boden region over the past eight years through local contractors and renewable energy purchases, while paying more than 575 million kronor in taxes to Swedish authorities.