HIVE Digital Technologies inks LOI for 10-year lease at Sweden data center, plans $100M exchangeable notes offering

▤ Summary

HIVE Digital Technologies signed a non-binding LOI for a potential 10-year lease at its 32-megawatt Sweden data center in Boden. The site would support about 25 megawatts of HPC colocation capacity and could be retrofitted for up to 10,000 Nvidia GB300 GPUs with liquid cooling and air cooling. HIVE also plans to raise $100 million through private placement of 0% exchangeable senior notes due 2031, with proceeds targeted for capital spending, GPU purchases, and data center development. The move signals continued investment in sovereign AI infrastructure and long-term recurring revenue from high-density compute services.

▦ Linked Companies