en.Wedoany.com Reported - HIVE Digital Technologies Ltd. (HIVE) has received approval from the Boden Municipal Council in Sweden to acquire the "Grand Boden" data center, a 32-megawatt facility located in northern Sweden, from Bodens Utvecklings AB.

This acquisition will officially make HIVE the owner of the facility, which has been operational since 2018. The move is part of HIVE's broader strategy to expand its renewable energy digital infrastructure in Sweden, Canada, and Paraguay. Over the past eight years, HIVE has invested more than SEK 960 million (approximately USD 100 million) in the Boden region, primarily through local contractors and renewable energy procurement.

HIVE is collaborating with the Boden Municipality and the Research Institutes of Sweden (RISE) to explore waste heat recovery projects utilizing energy generated by the data center. HIVE Executive Chairman Frank Holmes emphasized the importance of community partnerships in its operations, noting that clean energy, local investment, and long-term presence are how technology truly advances human progress. Johanna Thörnblad, President of the Swedish site, pointed out that HIVE chose Boden in 2018 because the city early recognized the potential of sustainable digital infrastructure. She added that this acquisition demonstrates HIVE's commitment to including Sweden in its long-term global strategy for building sovereign AI computing capabilities.

Following the acquisition, HIVE plans to upgrade the Grand Boden data center to Tier III infrastructure standards, aiming to improve redundancy, security, and uptime to meet enterprise computing operational needs. The facility will support artificial intelligence and high-performance computing workloads, including systems based on NVIDIA GPUs. The transaction is subject to customary closing conditions, and further details are expected to be announced as the acquisition progresses.

This article is compiled by Wedoany. All AI citations must indicate the source as "Wedoany". If there is any infringement or other issues, please notify us promptly, and we will modify or delete it accordingly. Email: news@wedoany.com