Bitcoin miner HIVE: Swedish AI project could bring in $45 million in annual revenue.

Bitcoin miner HIVE Digital Technologies said its Big Boden data center in Sweden could generate $45 million in annual revenue through a long-term AI hosting arrangement with an unnamed Swedish technology company, under a proposed lease of up to 10 years. The June letter of intent is non-binding, and the parties are still negotiating terms including security deposits and termination rights; the revenue depends on a formal agreement, project financing, facility conversion and operational launch. HIVE plans to seek project financing after signing the lease and intends to retrofit the site to support up to 10,000 Nvidia GB300 GPUs. The deal matters because it would give the bitcoin miner a sizable recurring revenue stream tied to AI compute demand rather than mining. Next, watch whether a binding lease is signed and whether HIVE secures the financing needed for the conversion.