STOCK TITAN
  1. Home
  2. Sec-filings
  3. HIVE
  4. [8-K] HIVE Digital Technologies Ltd. Reports Material Event

HIVE Digital (HIVE) inks long-term HPC colocation LOI for 32 MW Boden site

Filing Impact
(High)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

HIVE Digital Technologies Ltd. has signed a non-binding high-performance computing colocation letter of intent with an investment-grade sovereign Swedish technology client for its 32 megawatt Boden, Sweden facility. The LOI contemplates an up to 10-year lease with a usable critical IT load of about 25 MW.

HIVE expects to retrofit the site to support up to 10,000 GB300 GPUs with single rack densities up to 150 kW using hybrid direct-to-chip liquid cooling and air cooling. Management believes a future definitive agreement could create long-term recurring revenue and stable cash flows, although closing the facility acquisition and converting the LOI into a binding contract remain subject to risks and further negotiation.

Positive

  • None.

Negative

  • None.

Insights

HIVE advances a major HPC colocation opportunity at its Boden site, but execution remains contingent on a definitive agreement.

HIVE is positioning its 32 MW Boden facility for long-term, high-density AI and HPC workloads. The LOI with an investment-grade, sovereign Swedish client envisions using approximately 25 MW of critical IT load for up to 10 years, anchored by GB300 GPU infrastructure.

The plan to retrofit for up to 10,000 GB300 GPUs and rack densities up to 150 kW with hybrid direct-to-chip liquid and air cooling indicates a shift toward premium, specialized hosting. Management states this is anticipated to contribute significant annual recurring revenue and long-term stable cash flows if finalized.

However, the LOI is explicitly non-binding and depends on completing the Boden facility acquisition, negotiating definitive terms, and executing the retrofit on time and budget. Actual financial impact will hinge on final pricing, deployment pace, and sustained demand for HPC colocation and AI infrastructure described in future company filings.

Item 7.01 Regulation FD Disclosure Disclosure
Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.
Item 8.01 Other Events Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Boden facility capacity 32 MW Gross utility load of Boden, Sweden site
Critical IT load 25 MW Usable critical IT load contemplated for HPC colocation
LOI term Up to 10 years Prospective lease term for Boden colocation client
Planned GPU capacity 10,000 GB300 GPUs Maximum GPUs Boden retrofit is expected to support
Rack density 150 kW Single rack density target using hybrid cooling
Historic GPU operations 130,000 GPUs Approximate GPU count previously operated in the Boden region
Boden operations since 2018 Year HIVE began operating at the Boden facility
high-performance computing colocation financial
"The LOI contemplates a term of up to 10 years for a usable critical IT load of approximately 25 MW for HPC colocation."
letter of intent financial
"HIVE today announces it has signed a letter of intent ("LOI") with an investment-grade, sovereign Swedish technology company."
A letter of intent is a document that shows an agreement in principle between parties to work towards a future deal or transaction. It outlines their intentions and key terms, acting like a roadmap before a formal contract is signed. For investors, it signals serious interest and helps clarify expectations early in the process.
direct-to-chip liquid cooling technical
"The Company expects to retrofit the facility to support up to 10,000 GB300 GPUs using hybrid direct-to-chip ("DTC") liquid cooling and air cooling."
A cooling method that pumps liquid directly over the surface of a computer chip (processor or graphics unit) using a fitted plate, removing heat more efficiently than air or indirect systems. Think of it like a water jacket on an engine: keeping the hottest part cooler lets the equipment run faster, longer, and in a smaller space, which can lower energy and space costs and enable higher-performance products—factors that affect operating margins, capital needs, and adoption potential for companies and data centers.
GB300 GPUs technical
"The Company expects to retrofit the facility to support up to 10,000 GB300 GPUs, with single rack densities up to 150 kW."
annual recurring revenue financial
"We anticipate this to contribute significant annual recurring revenue, and we look forward to securing a long-term colocation offtake lease."
Annual recurring revenue is the predictable amount of money a company expects to earn each year from ongoing customer subscriptions or contracts. It helps businesses understand how much steady income they can count on, much like a subscription service that charges customers every month or year. This figure is important because it shows the company's stability and growth potential.
sovereign AI infrastructure technical
"Sovereign AI infrastructure is one of the most important buildouts of our generation, and HIVE is building it."
Sovereign AI infrastructure is a country's controlled set of computing power, data storage and software arranged so AI systems are developed, hosted and operated under that nation's laws and inside its borders. It matters to investors because it shapes where companies must locate costly servers and services, creates demand for local cloud, hardware and compliance providers, and can change market access, costs and competitive risks—like choosing a local bank to hold sensitive assets.
See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google
Add on Google
Understanding 8-K Material Events →
false 2026-06-25 0001720424 HIVE Digital Technologies Ltd. 0001720424 2026-06-25 2026-06-25

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
___________________________

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): June 25, 2026

HIVE DIGITAL TECHNOLOGIES LTD.
(Exact name of registrant as specified in its charter)

British Columbia 001-40398 98-1831411
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)

7900 Callaghan Road, Suite 128
 San Antonio, Texas, United States 78229
 (Address of principal executive offices) (ZIP Code)

Registrant's telephone number, including area code: (604) 664-1078

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class   Trading Symbols   Name of each exchange on which registered
Common shares, without par value   HIVE   The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b -2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 7.01 Regulation FD Disclosure.

On June 25, HIVE Digital Technologies Ltd. (the "Company") issued a press release (the "Boden PR") regarding the "Boden LOI" (as defined below). A copy of the Boden PR is furnished herewith as Exhibit 99.1 and is incorporated by reference herein.

The information set forth in this Item 7.01, including Exhibit 99.1 attached hereto, is being furnished and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of such section, nor shall any such information or exhibits be deemed incorporated by reference in any filing under the Exchange Act or the  Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such a filing. This Current Report on Form 8-K (the "Report") will not be deemed an admission as to the materiality of any information in this Report that is required to be disclosed solely under Regulation FD. 

Item 8.01 Other Events

On June 25, 2026, the Company announced that it has signed a co-location letter of intent (the “Boden LOI”) with a Swedish technology company for an 8-to-10 year lease of the Company's 32 megawatt (“MW”) facility located in Boden, Sweden. The Boden LOI contemplates a term of up to 10 years for a usable critical IT load of approximately 25 MW. The Boden LOI is non-binding and subject to the negotiation and execution of a definitive agreement.

Forward-Looking Statements

This Current Report on Form 8-K contains forward-looking statements, including, but not limited to, all statements related to the negotiation and consummation of a definitive co-location agreement for the Boden Facility. These forward-looking statements are based on the Company's current plans, objectives, estimates, expectations and intentions and inherently involve significant risks and uncertainties. Do not place undue reliance on these forward-looking statements, which speak only as of the date hereof. Actual results and the timing of events could differ materially from those anticipated in such forward-looking statements as a result of these risks and uncertainties, which include, without limitation, risks and uncertainties associated with market risks, trends and conditions. These and other risks and uncertainties relating to the Company and its business can be found under the caption "Risk Factors" and elsewhere in the Company's Securities and Exchange Commission filings and reports, including the Company's Annual Report on Form 10-Kfor the year ended March 31, 2026, as well as future filings and reports by the Company which are available under the Company's EDGAR profile at www.sec.gov and SEDAR+ profile at www.sedarplus. Except as required by law, the Company undertakes no duty or obligation to update any forward-looking statements contained in this Current Report on Form 8-K as a result of new information, future events or changes in its expectations.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits

Exhibit
Number		  
Description
99.1 Press Release dated June 25, 2026
104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

2

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

HIVE DIGITAL TECHNOLOGIES LTD.
 
 
   
By: /s/ Darcy Daubaras
Name: Darcy Daubaras
Title: Chief Financial Officer

Date: June 25, 2026

3

Exhibit 99.1

 

HIVE DIGITAL TECHNOLOGIES LTD.

HIVE Signs Long-Term HPC Colocation LOI with Investment-Grade
Swedish Client at Boden, Retrofit to Support Up to 10,000 GB300
GPUs

This news release constitutes a "designated news release" for the purposes of the Company's amended
and restated prospectus supplement dated June 16, 2026 to its short form base shelf prospectus dated
October 31, 2025.

San Antonio, Texas, June 25, 2026 - HIVE Digital Technologies Ltd. (TSX: HIVE) (Nasdaq: HIVE) (FSE: YO0) (BVC: HIVECO) (the "Company" or "HIVE"), today announces it has signed a letter of intent ("LOI") with an investment-grade, sovereign Swedish technology company (the "Client") for an up to 10 year lease of the Company's 32 megawatt ("MW") Boden, Sweden facility. The LOI is non-binding and subject to the negotiation and execution of a definitive agreement. As previously announced on June 18, 2026, the Boden Municipal Council has approved the Company's acquisition of the Boden facility from Bodens Utvecklings AB.

HIVE has operated at the Boden facility since 2018, including the operation of approximately 130,000 GPUs in the region. Building on that operational foundation, the LOI contemplates a term of up to 10 years for a usable critical IT load of approximately 25 MW.

Pursuant to the LOI, the Company expects to retrofit the facility to support up to 10,000 GB300 GPUs, with single rack densities up to 150 kW, using hybrid direct-to-chip ("DTC") liquid cooling and air cooling. The gross utility load of the site at 32 MW correlates to a critical IT load of approximately 25 MW, which this LOI contemplates for HPC colocation.

HIVE has been deeply embedded in the Boden community for almost a decade, investing in the region, supporting local initiatives, and building partnerships with local stakeholders throughout its operations at the facility. Following rigorous site visits and technical diligence, the Client selected HIVE's Boden facility as its long-term HPC colocation home in Sweden.

Leadership Commentary

Frank Holmes, Executive Chairman of HIVE, stated:

"The nations that control the compute will shape the next century. This LOI is a reflection of what patient, long-term infrastructure thinking produces. We built in Sweden when others were not looking at the Nordics, and an investment-grade, sovereign Swedish technology client committing to up to 10 years at this facility is the proof of what that patience delivers. The power is clean, the infrastructure is proven, and the trust has been earned. At HIVE, we turn clean electrons into compute. That is the business. As we expand our global footprint from Canada to Paraguay to Sweden, each milestone reflects the same conviction: sovereign AI infrastructure is one of the most important buildouts of our generation, and HIVE is building it."

Aydin Kilic, President & CEO of HIVE, added:

"We see this legacy site in Boden as a strategic long-term asset for the Company. This site has evolved from a GPU compute facility supporting Ethereum and now comes full circle as a high-power-density, liquid-cooled GPU facility based on GB300 NVL72 architecture. We anticipate this to contribute significant annual recurring revenue, and we look forward to securing a long-term colocation offtake lease with the Client for this facility, which we believe could create long-term stable cashflows for HIVE as we make significant investments to upgrade it."

Johanna Thörnblad, Country Site President, Sweden, stated:

"The signing of this agreement is both a commercial milestone and a powerful symbol of the future we are building in Boden. This project reinforces our commitment to supporting digital sovereignty while building world-class infrastructure that serves the long-term needs of Sweden."

About HIVE

Founded in 2017, HIVE Digital Technologies Ltd. was among the first publicly listed companies to prioritize mining digital assets powered by green energy. Today, HIVE builds and operates next-generation Tier-I and Tier-III data centers across Canada, Sweden, and Paraguay, serving both Bitcoin and high-performance computing clients. HIVE's dual engine infrastructure, driven by hashrate services and GPU-accelerated AI computing, delivers scalable, environmentally responsible solutions for the digital economy. For more information, visit hivedigitaltech.com.

For more information, visit hivedigitaltech.com, or connect with us on:

X: https://x.com/HIVEDigitalTech
YouTube: https://www.youtube.com/@HIVEDigitalTech
Instagram: https://www.instagram.com/hivedigitaltechnologies/
LinkedIn: https://linkedin.com/company/hiveblockchain

On Behalf of HIVE Digital Technologies Ltd.

"Frank Holmes"
Executive Chairman

For further information, please contact:

Nathan Fast, Director of Marketing and Branding

Frank Holmes, Executive Chairman

Aydin Kilic, President & CEO


Tel: (604) 664-1078

Neither the TSX, Nasdaq, nor any other securities exchange or regulatory authority accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Information

Except for statements of historical fact, this news release contains "forward-looking information" within the meaning of applicable U.S. and Canadian securities laws, which may include but is not limited to statements regarding: the conversion of the letter of intent into a definitive lease agreement with the Client; the closing of the acquisition of the Boden facility; the anticipated contribution of the Boden facility to the Company's annual recurring revenue; the anticipated term of up to10 years for HPC colocation at the Boden facility; the planned retrofit of the Boden facility to support up to 10,000 GB300 GPUs with single rack densities of up to 150 kW; the deployment of hybrid direct-to-chip liquid cooling and air cooling infrastructure; the utilization of approximately 25 MW of critical IT load for HPC colocation; the expected deployment, timing, capacity, and expansion of BUZZ HPC's GPU-accelerated infrastructure in general; and any other future-oriented statements. Forward looking information is often identified by words such as "expects" "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "positioning", "contemplates", "believes", "on track" or "intends" or variations of such words and phrases.

Forward-looking information is based on current expectations, estimates, forecasts, and projections, as well as management's beliefs and assumptions, including that the LOI will convert to a definitive agreement on substantially similar terms, the retrofit will be completed on expected timelines and within budget, that the acquisition of the Boden facility will occur, demand for HPC colocation and AI computing will continue to grow, and regulatory requirements will remain consistent with current expectations, and other related risks as more fully set out in the Company's disclosure documents under the Company's filings at www.sec.gov/EDGAR and www.sedarplus.ca.

Forward-looking information involves known and unknown risks, uncertainties, and other factors that may cause actual results, performance, or achievements to differ materially from those expressed or implied by such forward-looking information. Such factors include, but are not limited to the following risks: the LOI may not convert to a definitive agreement; the retrofit may not be completed on expected timelines or within budget; the acquisition of the Boden facility may not be consummated; performance expectations may not be achieved; demand for HPC colocation or AI infrastructure may be lower than anticipated; partnerships or regulatory approvals may not materialize as expected; and the risk factors described in the Company's continuous disclosure documents available on SEDAR+ at www.sedarplus.ca and under the Company's EDGAR profile at sec.gov. Readers are cautioned not to place undue reliance on forward-looking information. The Company disclaims any obligation to update or revise any forward-looking information, whether as a result of new information, future events, or otherwise, except as required by law.


Source: View Original Filing on SEC EDGAR

FAQ

What did HIVE Digital Technologies (HIVE) announce about its Boden facility?

HIVE announced a non-binding letter of intent for high-performance computing colocation at its 32 MW Boden, Sweden facility. The prospective agreement with an investment-grade Swedish client contemplates an up to 10-year lease and about 25 MW of critical IT load for GPU infrastructure.

How long could the HIVE Boden colocation agreement with the Swedish client last?

The contemplated term is up to 10 years, providing potential long-term occupancy of the Boden facility. This duration, if finalized in a definitive lease, could support predictable hosting revenue and capacity planning for HIVE’s high-performance computing and AI-focused operations in Sweden.

What capacity and technology will HIVE’s Boden site support under the LOI?

The LOI contemplates using approximately 25 MW of critical IT load within a 32 MW site. HIVE expects to retrofit the facility to support up to 10,000 GB300 GPUs with single rack densities up to 150 kW, using hybrid direct-to-chip liquid and air cooling infrastructure.

Is the HIVE Boden colocation agreement with the Swedish client already binding?

No, the Boden arrangement is currently a non-binding letter of intent. It remains subject to negotiating and executing a definitive agreement, completing the facility acquisition, and successfully implementing planned retrofits, so commercial and financial outcomes are not yet assured for HIVE.

How does HIVE view the financial impact of the Boden colocation project?

HIVE’s leadership states they anticipate the Boden colocation project will contribute significant annual recurring revenue if a definitive lease is secured. They also believe it could create long-term stable cash flows once the retrofit is completed and high-performance computing capacity is fully deployed.

What is HIVE Digital Technologies’ broader business focus beyond the Boden facility?

HIVE builds and operates next-generation data centers in Canada, Sweden, and Paraguay, serving Bitcoin and high-performance computing clients. Its dual-engine model combines hashrate services with GPU-accelerated AI computing to deliver scalable, environmentally focused digital infrastructure solutions across multiple regions and workloads.

Filing Exhibits & Attachments

6 documents

Press Releases

Other Documents