Bitcoin mining firm HIVE: Swedish AI project could generate $45 million in annual revenue

TechFlow news, November 11, according to Decrypt, Bitcoin mining firm HIVE Digital Technologies said its Big Boden data center in Sweden could generate $45 million in annual revenue through long-term AI hosting arrangements. This revenue depends on reaching a formal agreement, securing financing, completing facility upgrades and bringing the facility into operation.

The project involves an unnamed Swedish technology company, with a proposed lease term of up to 10 years. The letter of intent signed by both parties in June is non-binding, and the parties are currently negotiating terms such as security deposits and termination rights. HIVE plans to seek project financing after signing the lease, and the facility is planned to be upgraded to support up to 10000 NVIDIA GB300 GPUs.

Source: TechFlow