HIVE Digital signs 10-year lease with Swedish sovereign client for Boden AI data center

HIVE Digital Technologies signed a non-binding letter of intent for a lease of up to 10 years at its 32 MW Boden, Sweden data center with a Swedish government-backed, investment-grade technology client. The deal would support a retrofit of the site into an AI computing hub capable of housing up to 10,000 Nvidia GB300 GPUs, using liquid and air cooling for high-density workloads. The agreement is important because it could create stable, long-term recurring revenue and validates HIVE’s strategy of converting crypto-mining infrastructure into AI colocation assets. The article also notes HIVE’s long operating history in Sweden and recent municipal approval for acquisition of the Boden facility. While the lease is not yet final, the announcement is commercially meaningful and may support sentiment around HIVE’s AI infrastructure expansion.