HIVE Digital expands global presence with Sweden data centre acquisition

HIVE Digital Technologies, a leading digital asset miner and green-focused data centre builder and operator has entered into a property transfer agreement (the “Property Transfer Agreement”) with Turis AB (the “Vendor”) to acquire a data centre and the real property (together, the “Property”) on which it is situated, located in the city of Boden, Sweden (all amounts in US dollars, unless otherwise indicated).

This strategic investment aligns with HIVE’s commitment to build long-term value for its investors through the acquisition and development of substantial assets to be added to its balance sheet. Moreover, this investment further supports HIVE’s sustainable growth and reinforces its position as a key player in the digital technology sector.

Located in Boden, Sweden, this new data centre was previously constructed as part of the EU Horizon 2020 project. Hive is looking forward to further developing this facility within its global portfolio and utilising it to plug its incoming new generation ASIC servers and increase its Bitcoin production.

HIVE Sweden Country President Johanna Thornblad stated: “We are pleased about this acquisition and our continued expansion in Boden. The Property is strategically located and provides HIVE with the opportunity to expand its operation, contributing to the company’s overall growth strategy. The new data centre will enable HIVE to grow its regional footprint while further demonstrating its commitment to its ESG focus, sustainable practises, environmental responsibility, and energy efficiency with its newest “green” energy powered data centre. HIVE is excited about the opportunities that this acquisition brings and looks forward to further contributing to the economic development and prosperity of the Boden community.”

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