HIVE Digital Technologies Ltd (HIVE), a green energy-focused digital infrastructure, has received approval from the Boden Municipal Council to acquire the Big Boden, a 32 MW data center, from Bodens Utvecklings AB in Northern Sweden. The facility procurement will make HIVE the official owner of the Swedish facility, which has hosted the company’s operations since 2018.
The acquisition is also part of Hive’s broader expansion of renewable-powered digital infrastructure across Sweden, Canada, and Paraguay. HIVE has invested more than 960 million SEK (US$ 100 million) in the Boden region over the past eight years through local contractors and renewable energy procurement. HIVE is working with Boden Municipality and Research Institute of Sweden (RISE) on potential heat recovery projects using energy generated by the data center as detailed in a company press release.
Frank Holmes, Executive Chairman, HIVE, said, “Sweden, Paraguay, Canada is the thread connecting all of our operations, the communities that host our infrastructure are partners in what we are building. Clean power, local investment, and long-term presence, that is how technology can genuinely advance human progress.”
Johanna Thörnblad, Country Site President, Sweden, said, “We chose Boden in 2018 because the municipality understood, before most did, what sustainable digital infrastructure could look like, this acquisition is HIVE’s clearest signal yet that Sweden is part of our long-term global strategy to build sovereign AI compute.”
The company operates data centers in multiple markets and is developing infrastructure aimed at supporting artificial intelligence and high-performance computing workloads.
Following completion of the acquisition, HIVE plans to move the Big Boden data center toward Tier III infrastructure standards, which are designed to provide higher levels of redundancy, security, and uptime for enterprise computing operations. The site will support AI and high-performance computing workloads, including NVIDIA GPU-based systems.
The transaction remains subject to customary closing conditions and additional details on the transaction are expected to be announced as the acquisition progresses.