HIVE Digital Technologies inks LOI for 10-year lease at Sweden data center, plans $100M exchangeable notes offering
Key takeaways
- The announcement follows the June 18 approval by the Boden Municipal Council of HIVE's acquisition of the facility from Bodens Utvecklings AB.
- Under the proposed arrangement, the client would utilize approximately 25 megawatts of critical IT capacity at the site for high-performance computing (HPC) colocation services.
- HIVE has operated in Boden since 2018 and said it has previously managed about 130,000 GPUs in the region.
HIVE Digital Technologies inks LOI for 10-year lease at Sweden data center, plans $100M exchangeable notes offering Proactive Thu, June 25, 2026 at 7:37 PM GMT+7 3 min read HIVE.TO NVDA HIVE HIVE Digital Technologies inks LOI for 10-year lease at Sweden data center, plans $100M exchangeable notes offering Proactive uses images sourced from Shutterstock HIVE Digital Technologies Ltd (TSX:HIVE, NASDAQ:HIVE, FRA:YO0, BVC:HIVECO) announced that it has signed a non-binding letter of intent with an investment-grade sovereign Swedish technology company for a potential lease of its 32-megawatt data center in Boden, Sweden, for a term of up to 10 years.
The announcement follows the June 18 approval by the Boden Municipal Council of HIVE's acquisition of the facility from Bodens Utvecklings AB.
Under the proposed arrangement, the client would utilize approximately 25 megawatts of critical IT capacity at the site for high-performance computing (HPC) colocation services. HIVE said it expects to retrofit the facility to support as many as 10,000 Nvidia GB300 GPUs, using a combination of direct-to-chip liquid cooling and air cooling. The site's total utility load is 32 megawatts, corresponding to about 25 megawatts of usable IT capacity.