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Cryptocurrency mining companies are expanding their operations in Sweden

01 December 2023

Cryptocurrency mining companies

are expanding

their operations in Sweden

Hive Digital Technologies announced the acquisition of

a data centre in Sweden to expand its operations.

The company aims to

host ASIC servers and increase bitcoin production.

On November 27th

The company announced a transfer agreement with Torres ABB to acquire

the property of a former data center in Boden, Sweden, as part of

the "EU Horizon 2020" project.

Haif asserted that the new centre was located near

its current data centre in Sweden and intended to

further develop the facility as part of its portfolio.

The new hub

will host the Australian Securities

and Investment Authority's next generation servers

and increase bitcoin production.

For her part

Joanna Thornblad

President of Haif in Sweden

said:

Haif owns and operates data centres in Canada

weden and Iceland :

and seeks to expand its regional presence and strengthen

its commitment to sustainable practices and social

and environmental responsibility.

The new data centre acquired is green

powered

and aims to

promote energy efficiency and achieve sustainable practices.

Earlier this year, the company removed

the word "blockchain" from its official name

Focusing on artificial intelligence

computing and GPUs as future financial opportunities.

The company plans to use INFIDIA GPUs to

provide a more efficient alternative to cloud service providers.

Despite

the shift towards artificial intelligence

Hive's CEO

and Chairman confirmed that they do not ignore

or underestimate :

the importance of bitcoin mining and other cryptocurrencies.

They consider that :

advanced technologies such as blockchain

and artificial intelligence can coexist well

and contribute to the advancement of Web 3.

In September

Haif participated in the launch of the digital power grid,

It is an alliance aimed

at enhancing the importance of proof-based mining

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