HIVE Digital aims for $45 million a year from AI data centre
The company said the Boden facility could bring $45 million annually, but the June letter of intent is non‑binding while financing terms are still being finalised.
Key takeaways
- 1$45 million potential annual revenue from the Boden AI data centre
- 2June letter of intent is non‑binding while financing is under negotiation
HIVE Digital announced on Nov 10 that its planned Boden AI data centre could generate $45 million in annual revenue, according to the company’s latest update.
The revenue estimate is based on a letter of intent signed in June, which the firm says is non‑binding while executives negotiate financing arrangements and customer‑protection clauses for the project.
HIVE Digital is a Bitcoin mining operator that produced 1,070 BTC in the quarter ended 30 Sept, a 49 percent jump from the previous period. Mining revenue fell 7.4 percent to $76 million as Bitcoin prices slipped, while the company’s high‑performance computing division rose 71 percent to $8.8 million. The firm has been repurposing excess mining capacity for AI workloads, positioning the Boden facility as a bridge between crypto mining and the growing demand for AI compute.
Securing the financing could give HIVE a stable, non‑mining income source and reduce its exposure to cryptocurrency price swings. Market participants will monitor for a binding agreement, the size of any capital raise, and the first customer contracts. A successful rollout may encourage other miners to pursue similar AI data‑centre projects, potentially reshaping revenue models in the sector.
Reported and edited by the YourKhabri desk under our editorial policy. Nothing here is investment advice.