HIVE Digital Technologies to Acquire 32 MW Data Center in Northern Sweden
June 19, 2026
HIVE Digital Technologies to Acquire 32 MW Data Center in Northern Sweden
HIVE Digital Technologies Ltd, a digital infrastructure company focused on green energy, has received approval from the Boden Municipal Council to acquire the Big Boden data center, a 32-megawatt facility located in Northern Sweden. The acquisition from Bodens Utvecklings AB will make HIVE the official owner of the facility, which has hosted the company’s operations since 2018.
The deal underscores HIVE’s broader strategy to expand its renewable-powered digital infrastructure footprint across Sweden, Canada, and Paraguay. Over the past eight years, HIVE has invested more than 960 million Swedish kronor (approximately US$100 million) in the Boden region through local contractors and renewable energy procurement. In addition to the acquisition, HIVE is collaborating with the Boden Municipality and the Research Institute of Sweden (RISE) on potential heat recovery projects that would repurpose energy generated by the data center, according to a company press release.
Frank Holmes, Executive Chairman of HIVE, emphasized the company’s commitment to long-term partnerships with host communities. “Sweden, Paraguay, Canada is the thread connecting all of our operations; the communities that host our infrastructure are partners in what we are building. Clean power, local investment, and long-term presence — that is how technology can genuinely advance human progress,” he said.
Johanna Thörnblad, Country Site President for Sweden, highlighted the strategic nature of the acquisition. “We chose Boden in 2018 because the municipality understood, before most did, what sustainable digital infrastructure could look like. This acquisition is HIVE’s clearest signal yet that Sweden is part of our long-term global strategy to build sovereign AI compute,” she stated.
Following the completion of the transaction, HIVE plans to upgrade the Big Boden data center to meet Tier III infrastructure standards, which are designed to provide higher levels of redundancy, security, and uptime for enterprise computing operations. The site is expected to support artificial intelligence and high-performance computing workloads, including systems powered by NVIDIA GPUs. The company already operates data centers in multiple markets and is actively developing infrastructure aimed at supporting AI and high-performance computing demands.
The transaction remains subject to customary closing conditions, and additional details are expected to be announced as the acquisition progresses.
Source: w.media
