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HIVE to phase down bitcoin mining in Sweden as it expands AI data center capacity in Canada

The Block|James Hunt|March 16, 2026 at 02:22 PM

Image via The Block

🤖AI Summary

HIVE Digital Technologies is phasing down its ASIC-based bitcoin mining operations in Sweden due to tax disputes and operational uncertainty. The company is simultaneously expanding its AI data center capacity in Canada as part of a strategic shift.

Key Takeaways

→HIVE is progressively reducing its bitcoin mining operations in Sweden.
→The phase-down is attributed to tax disputes and operational uncertainty in Sweden.
→The company is expanding AI data center capacity in Canada as part of its strategic pivot.
→HIVE is transitioning from traditional crypto mining to AI infrastructure services.
→Regulatory and tax challenges are forcing crypto miners to relocate operations.

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#hive #bitcoin-mining #sweden #ai-data-center #canada #asic #tax-disputes #mining-operations

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