Bitcoin
Bitcoin Miner HIVE Eyes $45 Million in Annual Revenue From AI Deal
HIVE says its 32-megawatt Big Boden facility in Sweden could generate $45 million in annual AI colocation revenue. The proposed 10-year arrangement remains nonbinding, with financing and final lease terms still under negotiation. The project is separate from HIVE's $185 million in contracted GPU-cloud annualized revenue. Bitcoin miner HIVE Digital Technologies is eyeing $45 million in annual revenue from an AI data center in Sweden, but it still hasn't secured a final lease. In its latest earnings update , HIVE reiterated that its 32-megawatt Big Boden facility could generate the sum through a long-term colocation arrangement. That revenue depends on...
Decrypt7 min read
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