Crypto miner Hive expands data center operations in Sweden

The cryptocurrency mining institution Hive Digital Technologies has revealed plans to grow its planetary beingness done a caller acquisition of spot and a information halfway successful Boden, Sweden.

On Nov. 27, the institution announced that it entered a spot transportation statement with Turis AB to instrumentality implicit the spot of a information halfway antecedently constructed arsenic a portion of the European Union’s Horizon 2020 project.

Hive said this caller spot is successful “close vicinity” to its existing information halfway successful Sweden, and it plans to further make the installation successful its portfolio. It says the spot volition besides location its incoming procreation of ASIC servers and summation its Bitcoin (BTC) production.

Johanna Thornblad, Hive’s state president for Sweden, said:

“The caller information halfway volition alteration HIVE to turn its determination footprint portion further demonstrating its committedness to its ESG focus, sustainable practices, biology responsibility, and vigor ratio with its newest “green” vigor powered information center.”

Hive owns and operates information halfway facilities successful Canada, Sweden, and Iceland, and it promotes the usage of greenish vigor to excavation integer assets specified arsenic BTC connected the cloud.

Cointelegraph has reached retired to Hive for much accusation connected the development. 

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Earlier successful 2023, Hive dropped the connection “blockchain” from its authoritative sanction to bespeak its “evolving focus” connected fiscal opportunities successful artificial quality (AI), unreality computing and graphics processing units (GPUs).

The institution past said it plans to usage its 38,000 Nvidia GPUs to connection tiny and medium-sized businesses a much businesslike alternate to large unreality work providers.

The CEO of Hive, Aydin Kilic, and its chairman, Frank Holmes, told Cointelegraph successful an interview that the pivot toward AI doesn’t negate oregon lessen its engagement successful Bitcoin and crypto mining. Instead, they said the institution is inactive heavy progressive but that “blockchain and AI tin surely co-exist” and stay “pillars of Web3.”

In September, Hive was 1 of the mining companies progressive successful launching the Digital Power Network (DPN), which is a conjugation affiliated with the Chamber of Digital Commerce to accent the value of proof-of-work (PoW) mining.

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