US EditionStrategic Shift: Hive Digital Reduces Bitcoin Mining In Sweden To Focus On Lucrative AI Infrastructure
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Key news: HIVE will progressively reduce its bitcoin mining in Sweden following tax disputes and guarantee deposit requirements by local authorities. The company will expand its subsidiary BUSZ High Performance Computing in Canada from 4 MW in Manitoba to 16.6 MW in two provinces. HIVE targets about $200 million in annualized revenues contracted from its HPC business for the end of the fiscal year in March 2027. HIVE Digital Technologies announc…
Strategic Shift: Hive Digital Reduces Bitcoin Mining In Sweden To Focus On Lucrative AI Infrastructure
BitcoinWorld Strategic Shift: Hive Digital Reduces Bitcoin Mining in Sweden to Focus on Lucrative AI Infrastructure BODEN, SWEDEN – Canadian cryptocurrency mining firm Hive Digital Technologies announced a significant strategic pivot this week. The company revealed plans to reduce Bitcoin mining hashrate production at its Swedish facility. Consequently, Hive will concentrate resources on its artificial intelligence and high-performance computing…
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