HIVE Digital acquires 32 MW Swedish data center after 8 years as tenant

Jun 18, 2026 5:24 PMPublished Jun 18, 2026 5:24 PM

Data centers are often seen as energy vampires, but HIVE Digital is rebranding their 32 MW Swedish facility as a "civic asset." By spending $160M on local taxes and hockey rinks, they’re claiming that massive AI and crypto infrastructure is actually a community benefit. But can sponsoring youth sports and reusing server heat ever truly offset the environmental and grid impact of "sovereign AI compute"? Is this genuine sustainability or just high-priced corporate optics?
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HIVE Digital acquires its long-term Swedish data center, converting eight years of community investment into permanent ownership and expanding its AI infrastructure footprint.

www.thestreet.comHIVE Digital acquires 32 MW Swedish data center after 8 years as tenantHIVE Digital acquires its long-term Swedish data center, converting eight years of community investment into permanent ownership and expanding its AI infrastructure footprint.

HIVE Stock •HIVE •Hive Digital Technologies •Data Centers

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