Crypto miner Hive expands data center operations in Sweden
Hive Digital Technologies has acquired land and a data center to expand its operations in Sweden, house generation ASIC servers, and increase Bitcoin production. The cryptocurrency mining company Hive Digital Technologies revealed plans to expand its global presence through a new acquisition of property and a data center in Boden, Sweden. On Nov. 27, the company announced that it's entered a property transfer agreement with Turis AB to take over the property of a data center previously constructed as a part of the EU Horizon 2020 project. Hive said this new property is in “close vicinity” to its existing data center in Sweden and it plans to further develop the facility in its portfolio. It says the property will also house its incoming generation ASIC servers and increase its Bitcoin (BTC) production. Johanna Thornblad, Hive's country president for Sweden, said that “The new data center will enable HIVE to grow its regional footprint while further demonstrating its commi...