HIVE Digital Technologies Targets 45000000 Annual Revenue From AI Data Center

HIVE Digital Technologies aims for 45000000 annual revenue from an AI data center in Sweden, pending a final lease agreement. The 32-megawatt Big Boden facility could achieve this through a long-term colocation arrangement, contingent on a definitive agreement, financing, facility upgrades, and project activation. The proposal, disclosed in June, involves an unnamed Swedish technology company and a lease of up to 10 years. CEO Aydin Kilic noted ongoing negotiations regarding deposits and terms affecting financing costs. HIVE plans to seek financing for the Boden project after securing a signed lease, potentially through corporate bonds. The existing data center requires significant upgrades, including retrofitting for up to 10000 Nvidia GB300 GPUs with liquid cooling. The proposed customer would utilize approximately 25 megawatts of computing capacity. HIVE's shift from Bitcoin mining to AI infrastructure includes a three-year AI computing agreement with Bell Canada and Cohere, covering 2304 Nvidia GPUs. HIVE currently reports 185000000 contracted GPU-cloud annualized revenue, with 40000000 live, while targeting 700000000 total high-performance computing annualized revenue by the end of 2028. The next milestone for Boden is securing a definitive lease.

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