Bitcoin Miner HIVE Eyes $45 Million in Annual Revenue From AI Deal
Summary
HIVE Digital says its 32-megawatt Swedish Boden facility could generate $45 million in annual revenue under a proposed long-term AI data-center lease, but negotiations are ongoing and no definitive agreement has been signed. The project depends on securing the lease and financing, then upgrading the site to support up to 10,000 Nvidia GB300 GPUs. HIVE says it will pursue financing after a lease is finalized. The company is expanding beyond Bitcoin mining: it reports $185 million in contracted GPU-cloud annualized revenue, of which $40 million is currently live, and targets about $700 million in high-performance computing revenue by the end of 2028.
