HIVE has an option to acquire at least four additional data centres from Genesis in Iceland and/or Sweden.
Sweden Phase 1 is the first digital currency mining facility jointly constructed by HIVE and Genesis Mining Ltd. (“Genesis”), the world’s largest digital currency mining hashpower provider. Sweden Phase 1 was completed on budget and utilizes custom Genesis-designed A2 mining rigs that are more efficient than prior generations. Genesis is HIVE’s strategic partner and major shareholder and operates the Company’s facilities under a master services agreement.
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