HIVE Digital Technologies Ltd. has announced plans to convert a Tier-1 data center in Boden, Sweden, into a Tier-3 liquid-cooled High Performance Computing (HPC) facility to expand its AI Cloud operations.
In a press release, HIVE said that construction to upgrade the facility will begin Q4 2025, and the upgraded facility will deliver critical load, supporting 2,000 NVIDIA GPUs for enterprise-grade AI and GPU cloud workloads across the European Union. Today, HIVE builds and operates blockchain and AI data centers across Canada, Sweden, and Paraguay.
Johanna Thornblad, Sweden Country President, said, “The Boden expansion reinforces Sweden’s leadership in sustainable digital infrastructure. Building on our two years of AI operations in Stockholm, this conversion project will deliver enterprise-grade AI capacity to the EU market faster and more efficiently than traditional data-center builds.”
AI and digital infrastructure market in Sweden
According to Mordor Intelligence, Sweden’s data center market was valued at US$ 3.94 billion in 2025, and it is projected to reach US$ 8.85 billion by 2030, at a CAGR of 17.6 percent. In another report, Mordor Intelligence finds that Sweden hyperscale data center market size reached US$ 427.64 million in 2025, and is expected to reach US$ 2.4 billion by 2031, reflecting a powerful 34.09 percent CAGR.
When it comes to AI, Statista finds that Sweden’s Artificial Intelligence market size is projected to reach US$ 5.14 billion in 2025. It lists three key factors for growth of the AI market: increasing availability of big data, advancements in computing power and cloud computing infrastructure, the growing demand for automation, and finally, the increasing use of AI in consumer-facing applications, such as virtual assistants and chatbots.