HIVE is gradually exiting its Bitcoin mining operations in Sweden and increasing its investment in AI data centers in Canada.

CycleProphet · 2026-03-16T14:46:32+00:00

HIVE Digital Technologies announces a reduction in bitcoin computing power production at its Boden facility in Sweden due to tax disputes and regulatory uncertainty, while expanding artificial intelligence infrastructure in Canada. The company is redirecting resources toward high-performance computing and considering a complete exit from bitcoin mining.

CycleProphet

2026-03-16 14:46:32

Abstract generation in progress

Deep Tide TechFlow News, March 16 — According to The Block, HIVE Digital Technologies announced that it is gradually reducing its Bitcoin mining operations at its Boden facility in Sweden, while simultaneously expanding its artificial intelligence infrastructure in Canada.

HIVE stated that its Swedish subsidiary has long faced tax disputes and regulatory uncertainties. Swedish authorities have demanded a guarantee for disputed tax assessments, making it difficult to maintain stable economic benefits from ASIC-based mining operations. The company is reallocating these resources to AI and high-performance computing businesses in Europe and exploring the possibility of fully exiting Bitcoin mining in Sweden. Meanwhile, HIVE’s subsidiary BUZZ High Performance Computing announced an expansion of its liquid-cooled AI data center in Canada.

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