Mining company Hive Digital Technologies has announced plans to expand its business through the acquisition of real estate and the construction of a new data center in Sweden..
Hive Digital says its data center in Boden, Sweden will be equipped with next-generation ASIC miners. In addition, the company has a fleet of 38,000 Nvidia GPUs, the power of which it intends to offer to private users as part of a program to develop environmentally friendly cloud mining.
Hive Digital, formerly Hive Blockchain, went public in 2017 and operates multiple data centers in Canada, Iceland and Sweden. The company also promotes “green energy” technologies for mining digital assets based on Proof-of-work (PoW) consensus, such as Bitcoin.
Earlier, major investor Mike Alfred shared his views on the feasibility of investing in companies engaged in cryptocurrency mining. According to the expert, in today’s market conditions, mining companies are the safest investment..