HIVE Digital Technologies to Acquire 32 MW Data Center in Boden, Deepening an Eight-Year Community Partnership in Northern Sweden
Rhea-AI Summary
HIVE Digital Technologies (NASDAQ:HIVE) received Boden Municipal Council approval to acquire the 32 MW Big Boden data center from Bodens Utvecklings AB, shifting from tenant to owner.
HIVE plans Tier III upgrades for AI and HPC, highlighting over 960M SEK local investment and 575M SEK in taxes paid since 2018. Closing remains subject to customary conditions.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Positive
- Acquisition of 32 MW Big Boden data center in Sweden
- Transition from tenant to full site ownership in Boden
- Over 960 million SEK (about $100M) invested in Boden region
- More than 575 million SEK (over $60M) paid in Swedish taxes
- Plan to advance Boden facility toward Tier III infrastructure standards
- Expansion of renewable-powered AI compute footprint across Canada, Sweden, Paraguay
Negative
- Boden data center acquisition subject to customary closing conditions
News Market Reaction – HIVE
On the day this news was published, HIVE gained 9.19%, reflecting a notable positive market reaction. Argus tracked a peak move of +12.5% during that session. Our momentum scanner triggered 24 alerts that day, indicating elevated trading interest and price volatility. This price movement added approximately $89M to the company's valuation, bringing the market cap to $1.06B at that time.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Historical Context
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| May 27 | Earnings call timing | Neutral | +8.8% | Announcement of date and time for Q4 and full-year 2026 results. |
| May 27 | Earnings call timing | Neutral | +8.8% | Scheduling and access details for Q4 and full-year 2026 earnings call. |
| May 18 | AI gigafactory plan | Positive | +28.6% | Plan for 320 MW sovereign AI gigafactory in Greater Toronto Area. |
| May 18 | AI gigafactory plan | Positive | +28.6% | Details on 320 MW AI gigafactory, investment and land purchase in GTA. |
| May 08 | AI network upgrade | Positive | -1.7% | Fiber network overbuild and upgrades to support 50 MW Tier III+ AI factory. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Recent major AI and infrastructure announcements have often coincided with strong positive moves, though there is at least one divergence on positive news.
Regulatory & Risk Context
Short interest is elevated, suggesting that sentiment is divided and that the stock may experience higher volatility, with positioning that could amplify moves in either direction if news meaningfully shifts expectations.
Key Terms
short form base shelf prospectus regulatory
prospectus supplement regulatory
tier iii infrastructure technical
ai training and inference technical
gpu architectures technical
AI-generated analysis. How Rhea-AI works. Not financial advice.
This news release constitutes a "designated news release" for the purposes of the Company's amended and restated prospectus supplement dated June 16, 2026 to its short form base shelf prospectus dated October 31, 2025.
San Antonio, Texas--(Newsfile Corp. - June 18, 2026) - HIVE Digital Technologies Ltd. (TSX: HIVE) (NASDAQ: HIVE) (FSE: YO0) (BVC: HIVECO) (the "Company" or "HIVE"), a global leader in sustainable digital infrastructure and AI compute, today announced that the Boden Municipal Council has approved the Company's acquisition of the Big Boden 32 MW data center from Bodens Utvecklings AB, the facility that has anchored HIVE's Swedish operations since 2018.
With this approval, HIVE transitions from tenant to owner, securing full authority over the site's future and converting nearly a decade of community partnership into permanent commitment.
Built in Boden: Eight Years of Local Investment
Over eight years, HIVE has invested more than 960 million SEK (approximately
HIVE is a long-standing sponsor of the Boden Hockey League, supporting 12 youth teams and the club's newly established women's teams, and is the naming partner of HIVE Arena. The Company continues to work alongside Boden Municipality and Research Institute of Sweden ("RISE") to explore recovering heat generated by the data center for broader community use, a model that transforms energy infrastructure into a civic asset.
"We chose Boden in 2018 because the municipality understood, before most did, what sustainable digital infrastructure could look like," said Johanna Thörnblad, Country Site President, Sweden. "This acquisition is HIVE's clearest signal yet that Sweden is part of our long-term global strategy to build sovereign AI compute."
"This is an investment in Boden's future," said Béatrice Öman, Mayor of Boden Municipality. "HIVE has already shown that they want to be a long-term player here, and through this deal, the company is creating conditions for continued development in the municipality. It strengthens both our business community and Boden's position as a place for technologically advanced establishments."
From the Jungles of South America to the Edge of the Arctic Circle: Infrastructure That Gives Back
For HIVE, community partnership is not layered on top of operations. It is built into how the Company enters every market, with the intention to build infrastructure that serves the region, not just the balance sheet.
In Paraguay, HIVE has invested directly in the communities surrounding its data center campuses. That work includes electrical system upgrades, improved power infrastructure, and air conditioning installations across 18 schools in Valenzuela. The Company has also built playgrounds at four local schools, improved city blocks with LED street lighting, upgraded the municipal soccer field with a new locker room, and sponsored the community's youth soccer program with new jerseys and equipment.
In Canada, HIVE participates in heat reuse initiatives that redirect thermal energy from its data centers back into local use, and supports the British Columbia Honey Producers Association, advancing environmental stewardship alongside its renewable-powered operations.
From South America to Northern Europe to Canada, the commitment is the same: enter a community as a long-term partner and help accelerate human progress.
"Sweden, Paraguay, Canada: the thread connecting all of our operations is the same," said Frank Holmes, Executive Chairman of HIVE. "The communities that host our infrastructure are partners in what we are building. Boden has been an exceptional partner for nearly eight years, and this acquisition is our commitment to continue earning that relationship. Clean power, local investment, and long-term presence: that is how technology can genuinely advance human progress."
Advancing Tier III Infrastructure Across a Global Renewable Footprint
Upon closing, HIVE will advance the Big Boden data center toward Tier III infrastructure standards, the benchmark for the security, redundancy, and uptime required to support enterprise-scale AI and HPC workloads, including support for NVIDIA's latest GPU architectures for AI training and inference. The Boden site joins HIVE's broader buildout spanning Canada, Sweden, and Paraguay, where the Company is developing sovereign, renewable-powered AI infrastructure at a moment when the world's demand for trusted compute has never been greater.
The acquisition remains subject to completion of customary closing conditions. Further details will be provided as the transaction progresses.
About HIVE Digital Technologies Ltd.
Founded in 2017, HIVE Digital Technologies Ltd. is the first publicly listed company to mine digital assets powered by green energy. Today, HIVE builds and operates next-generation Tier-I and Tier-III data centers across Canada, Sweden, and Paraguay, serving both Bitcoin and high-performance computing clients. HIVE's dual engine infrastructure-driven by hashrate services and GPU-accelerated AI computing-delivers scalable, environmentally responsible solutions for the digital economy.
For more information, visit hivedigitaltech.com, or connect with us on:
X: https://x.com/HIVEDigitalTech
YouTube: https://www.youtube.com/@HIVEDigitalTech
Instagram: https://www.instagram.com/hivedigitaltechnologies/
LinkedIn: https://linkedin.com/company/hiveblockchain
On Behalf of HIVE Digital Technologies Ltd.
"Frank Holmes"
Executive Chairman
For further information, please contact:
Nathan Fast, Director of Marketing and Branding
Frank Holmes, Executive Chairman
Aydin Kilic, President & CEO
Tel: (604) 664-1078
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
Forward-Looking Information
Except for the statements of historical fact, this news release contains "forward-looking information" within the meaning of applicable Canadian securities laws, which may include but is not limited to statements regarding: the reorientation of the Swedish facilities to HPC standards; the expected deployment, timing, capacity, and expansion of the Company's GPU-accelerated infrastructure in general; and any other future-oriented statements. Forward-looking information is based on current expectations, estimates, forecasts, and projections, as well as management's beliefs and assumptions, including that infrastructure will be deployed on the expected timelines and within budget across all sites, demand for AI computing will continue to grow, and regulatory requirements will remain consistent with current expectations, and other related risks as more fully set out in the Company's disclosure documents under the Company's filings at www.sec.gov/EDGAR and www.sedarplus.ca.
Forward-looking information involves known and unknown risks, uncertainties, and other factors that may cause actual results, performance, or achievements to differ materially from those expressed or implied by such forward-looking information. Such factors include, but are not limited to the following risks: deployment timelines may change; costs may exceed expectations; performance expectations may not be achieved; demand for AI infrastructure may be lower than anticipated; partnerships or regulatory approvals may not materialize as expected; and the risk factors described in the Company's continuous disclosure documents available on SEDAR+ at www.sedarplus.ca. Readers are cautioned not to place undue reliance on forward-looking information. The Company disclaims any obligation to update or revise any forward-looking information, whether as a result of new information, future events, or otherwise, except as required by law.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/302002