Hive Digital to reduce Sweden Bitcoin mining, focus on AI

Canadian crypto mining firm Hive Digital Technologies has announced it is reducing Bitcoin mining hashrate production at its facility in Boden, Sweden, to concentrate on its artificial intelligence (AI) and high-performance computing (HPC) infrastructure businesses. According to The Block, the company's Swedish mining subsidiaries have recently faced a deteriorating business environment due to regulatory issues and tax disputes. Hive is now focusing its resources on its AI data center business in Europe and is considering phasing out or completely ending its Bitcoin mining operations in Sweden.