Sunday, September 14, 2025

HIVE Sees 10MW Green Energy Expansion Of GPU Data Centre In Sweden

HIVE Blockchain Technologies Ltd. (TSXV: HIVE) announces today the confirmation that its GPU data centre in Sweden is getting an additional 10MW of green energy electricity. The confirmation came from the Swedish energy company Bodens Energi Nät AB.

This increase comes after a 2MW expansion previously announced on January 28, 2021. With the latest energy addition, the Sweden-based facility has increased capacity from 21MW to 33MW. The company, however, did not specify the type of green energy nor release hard figures on the expansion.

HIVE relayed that it is currently securing “new state-of-the-art” performing GPU cards for the GPU data centre expansion.

The company also shared its position on holding its crypto assets, which is currently valued at approximately US$79 million (based on US$2,700-Ethereum and US$38,500-Bitcoin conversion rates). On the other hand, its cash position “remains stable” at US$36 million.

HIVE Blockchain Technologies Ltd. last traded at $3.26 on the TSX Venture.


Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Soma Gold Q2 Earnings: Production Drops Amid Growth Effort

Guanajuato Q2 Earnings: Things Are Going Backwards

Electric Metals: The Sole US Domestic Source Of A Critical Mineral?

Recommended

Northern Superior Expands Philibert With 350 Metre Step Out Testing 1.10 g/t Gold Over 25.5 Metres

Goliath Resources Hits 18.58 g/t Gold Over 5.00 Metres At Surebet

Related News

Hive Blockchain Receives Approval For Nasdaq Listing

Hive Blockchain Technologies (TSXV: HIVE) is the latest Canadian small cap issuer to head to...

Thursday, June 17, 2021, 08:02:04 AM

By The Numbers: Bitcoin Miners Are Burning Cash On Each Coin Mined

The trouble with bitcoin, is that it doesn’t make economical sense to mine it. With...

Wednesday, November 23, 2022, 03:44:47 PM

Hive Blockchain To Change Nasdaq Symbol to ‘HIVE’

HIVE Blockchain Technologies Ltd. (TSXV: HIVE) announced today that it will start trading on the...

Monday, September 13, 2021, 08:11:32 AM

Hive Blockchain Enters New Agreements For Iceland Operations

Hive Blockchain Tech (TSXV: HIVE) this morning announced that it has entered into new hosting...

Tuesday, June 2, 2020, 09:12:58 AM

Hive Blockchain Closes $115.0 Million Financing

Hive Blockchain (TSXV: HIVE) is now cashed up and ready to spend on growth. The...

Wednesday, December 1, 2021, 09:06:59 AM