$HIVEJun 18, 2026, 10:01 AMAI processed
HIVE to acquire 32 MW Big Boden data center in Sweden, moves from tenant to owner
AI Summary
Boden Municipal Council approved HIVE's acquisition of the 32 MW Big Boden data center, converting the company from tenant to owner and securing long-term control of its Swedish campus. HIVE plans to upgrade the site toward Tier III standards to support enterprise AI/HPC (including NVIDIA GPUs), highlights ~960M SEK of prior local investment and continued community partnerships, and says the deal remains subject to customary closing conditions and execution risks.
Positives
- Municipal approval obtained to acquire the 32 MW Big Boden data center, transferring ownership to HIVE
- Company has an established eight-year presence in Boden with ~960M SEK invested and ~575M SEK paid in taxes, signaling operational stability
- Planned upgrade to Tier III infrastructure and support for NVIDIA GPUs positions the site for enterprise AI/HPC demand
Negatives
- Transaction is not closed and remains subject to customary closing conditions
- Upgrading to Tier III and deploying GPU infrastructure involves execution, timing and cost risks
- Forward-looking statements note demand, regulatory or budgetary changes could alter expected outcomes