HIVE Digital Technologies expects its 32-megawatt Big Boden site in Sweden to generate up to $45 million in annual AI colocation revenue. The proposed agreement, which could run for up to 10 years with an unnamed Swedish technology company, remains nonbinding as the parties negotiate deposits, termination rights and financial terms. HIVE plans to finance the project, potentially through corporate bonds, after signing a definitive lease but has not announced a deadline for completing negotiations. The facility is expected to be retrofitted with up to 10,000 Nvidia GB300 GPUs using liquid cooling, with approximately 25 megawatts of usable computing capacity allocated to the customer. The project is separate from HIVE’s $185 million in contracted GPU-cloud annualized revenue, of which $40 million is currently live.
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