PartnershipJun 25, 2026, 07:26 AM
HIVE Signs 10-Year HPC Colocation LOI for 32MW Boden Facility
AI Summary
HIVE Digital Technologies Ltd. announced it has signed a non-binding Letter of Intent (LOI) with an investment-grade, sovereign Swedish technology company for a long-term co-location lease. The LOI covers HIVE's 32 megawatt Boden, Sweden facility for up to 10 years, with a usable critical IT load of approximately 25 MW. The company plans to retrofit the facility to support up to 10,000 GB300 GPUs and anticipates significant annual recurring revenue from this agreement, which is subject to a definitive contract.
Key Highlights
- HIVE signed a non-binding LOI for its 32 MW Boden, Sweden facility.
- The LOI is with an investment-grade, sovereign Swedish technology company.
- Contemplates an 8-to-10 year lease for approximately 25 MW critical IT load.
- Facility to be retrofitted to support up to 10,000 GB300 GPUs.
- Expected to contribute significant annual recurring revenue.
- LOI is subject to negotiation and execution of a definitive agreement.
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