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Non-binding LOI for a long-term, high-capacity facility plus approved acquisition signals material expansion of ARR potential if a definitive lease and closing occur; similar long-duration IT/AI infra deployments have historically driven multiple-year upside when convertibles close. Risk remains until binding terms are executed.
What happened, with direct paths to the underlying reporting
HIVE announced a non-binding LOI with an investment-grade Swedish client for up to a 10-year HPC colocation lease at Boden, Sweden, targeting ~25 MW of usable IT load on a 32 MW site. The plan includes retrofitting to support up to 10,000 GB300 GPUs with hybrid cooling. Boden acquisition approval earlier supports potential long-term recurring revenue and cash flow, contingent on a definitive agreement.
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