HIVE Signs 10-Year Co-Location LOI for 25 MW HPC Facility in Sweden

HIVE Digital Technologies Ltd. has signed a non-binding letter of intent (LOI) with an investment-grade Swedish technology company for a long-term co-location lease at its 32-megawatt (MW) facility in Boden, Sweden. The agreement is intended for high-performance computing (HPC) and is subject to the negotiation and execution of a definitive agreement.

Key Details

• Agreement: A non-binding letter of intent (LOI) for an up to 10-year lease with a sovereign Swedish technology company.
• Facility & Capacity: The LOI covers approximately 25 MW of usable critical IT load at HIVE's 32 MW data center in Boden, Sweden.
• Planned Retrofit: HIVE plans to retrofit the facility to support up to 10,000 GB300 GPUs, utilizing hybrid direct-to-chip liquid cooling and air cooling technologies.