HIVE Digital is accelerating business restructuring, reducing bitcoin mining in Sweden and pivoting toward Canadian AI data centers and high-performance computing to address tax pressures and market volatility. The new business model will shift revenue generation from block rewards to computing power service fees to improve cash flow stability, though it also faces intensifying competitive challenges. This transformation reflects industry trend shifts and may reshape the profitability logic of the mining ecosystem.

Bitcoin mining company HIVE is gradually reducing its mining operations in Sweden due to tax disputes and operational uncertainty. Simultaneously, through BUZZ company, it is expanding its liquid-cooled AI data center capacity in Canada by four times. Despite gaining legal support, Swedish authorities are still requiring it to pay disputed tax deposits.

Week 9 of 2026, the average total network hash rate of Bitcoin slightly increased to 1055 EH/s, with the average price slightly down by 1.9% to $68,046. Mining company Abits Group raised $2.1 million, Hive's revenue increased but posted a loss of $91 million, and IREN will be included in the MSCI US Index.