星球日报|Mar 16, 2026 14:25
[HIVE to Gradually Cease Bitcoin Mining Operations in Sweden While Expanding AI Data Center in Canada]
Odaily Planet Daily News – Bitcoin mining company HIVE announced that due to tax disputes and operational uncertainties, it is gradually reducing its Bitcoin mining operations in Sweden. The company also announced that through its subsidiary, BUZZ High Performance Computing, it will quadruple the capacity of its liquid-cooled AI data center in Canada. Reportedly, HIVE's Swedish subsidiary is facing increasingly severe challenges in its traditional computing power production business, including enforcement actions and the Swedish authorities' 'misapplication of existing tax laws.' Despite the company having received supportive opinions from multiple law firms, a top accounting firm, and Swedish VAT experts, the authorities are still demanding a deposit related to the disputed tax assessment. (The Block)
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