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Cryptocurrency mining company Hive Digital Technologies is expanding its global presence with the acquisition of a property and data center in Boden, Sweden. The company recently entered a property transfer agreement with Turis AB to take over the data center, previously constructed as part of the European Union’s Horizon 2020 project.The new data center, strategically located near Hive’s existing facility in Sweden, will house the company’s upcoming generation of ASIC servers, which will contribute to increased Bitcoin production. This move is part of Hive’s broader efforts to promote the use of green energy in cryptocurrency mining.Hive Digital Technologies has been actively involved in Bitcoin and cryptocurrency mining, but earlier this year, the company rebranded itself to focus on financial opportunities in artificial intelligence (AI), cloud computing, and graphics processing units (GPUs). The company plans to leverage its Nvidia GPUs to offer efficient alternatives for small and medium-sized businesses.In addition to its expansion in Sweden, Hive operates data center facilities in Canada and Iceland. The company’s CEO and Chairman emphasize the coexistence of blockchain and AI, and Hive recently participated in launching the Digital Power Network (DPN) to advocate for the importance of proof-of-work mining.This expansion aligns with broader developments in Sweden, including ongoing research by the central bank into central bank digital currency (CBDC). Sweden is committed to exploring the potential of digital currencies and is focusing on a collaborative model for retail payments and conditional payments.Overall, Hive Digital Technologies’ acquisition of the data center in Sweden strengthens its regional presence and supports its commitment to environmental sustainability and green energy practices.