Bitcoin Miner HIVE Targets $45 Million Annual Revenue From AI Deal

Bitcoin Miner HIVE — Bitcoin mining firm HIVE Digital Technologies expects its proposed high-performance computing (HPC) facility in Sweden to generate up to $45 million in annual revenue, according to a corporate update.

The company said its planned Boden facility, designed to provide computing power for artificial intelligence and other intensive workloads, could achieve that revenue target based on current market rates. The project represents a strategic diversification for the miner as it leverages its existing data center infrastructure.

HIVE disclosed that a non-binding letter of intent for the project was signed in June 2026. The company’s executives are currently negotiating project financing and finalizing customer agreements, which include protections against potential future declines in HPC service pricing.

The move follows a broader trend of Bitcoin miners repurposing their energy-intensive operations to capitalize on the booming demand for AI compute. HIVE’s existing operations in Sweden, which utilize renewable energy sources, provide a foundation for this expansion into a new revenue stream beyond cryptocurrency mining.