HIVE Digital Technologies said its 32-megawatt Big Boden facility in Sweden could generate $45 million a year from AI colocation, but the proposed lease is nonbinding. The arrangement with an unnamed Swedish technology company could last up to 10 years. Revenue depends on a signed lease, financing, facility upgrades and the project entering service; HIVE has not announced when negotiations will end.
HIVE plans to retrofit the site for up to 10,000 Nvidia GB300 GPUs. About 25 megawatts of its capacity would be available to the proposed customer, with the rest supporting data center operations. The Boden projection is separate from HIVE’s $185 million in contracted GPU-cloud annualized revenue, of which only $40 million is live.
