Bitcoin mining and AI cloud company Hive is expanding its European AI Cloud operations with a new data center in Sweden.

Hive is converting its existing data center in Boden, Sweden, into a high-performance computing (HPC) facility to expand its AI infrastructure availability.

According to Hive, by converting an existing facility, it will be able to deploy the new capacity in nine months as opposed to the three years it would otherwise take.

Hive will deploy 2,000 Nvidia GPUs at the data center, building on the existing AI infrastructure in Stockholm.

Known initially as Hive Cloud, Buzz offers access to Nvidia H100s, A6000s, A5000s, A40s, and H200s. Its cloud currently totals 2.2MW of capacity across Stockholm, Sweden (800kW) and Montreal, Canada (1.4MW).

Elsewhere, the company also has a “Buzz” data center in Toronto, which is set to receive an additional 2,000 GPUs in 2026, and is planning an expansion in New Brunswick, Canada, to further develop the AI cloud offering. In total, the company aims to have 6,000 GPUs by 2026.

Johanna Thornblad, Hive’s Sweden Country president, commented: “The Boden expansion reinforces Sweden’s leadership in sustainable digital infrastructure. Building on our two years of AI operations in Stockholm, this conversion project will deliver enterprise-grade AI capacity to the EU market faster and more efficiently than traditional data-center builds.”

Hive was founded in 2017 and has operations across Canada, Sweden, and Paraguay. Its data centers serve both Bitcoin and HPC clients.

According to Hive’s website, the company has three data centers in Boden, developed throughout 2018. All three have 6.8MW of power consumption.

Earlier this month, Hive announced plans to expand its data center capacity in Paraguay, increasing the Yguazú data center to 400MW, exclusively powered by hydroelectric energy.