Canadian blockchain company HIVE has agreed upon a partnership to build a new cryptocurrency mining centre in Sweden. Genesis Mining, a specialist company which is HIVE's largest shareholder, will build and maintain the new $22m centre under the agreement. The deal was announced on Friday by Swedish Minister for Industry Mikael Damberg.
Canadian blockchain company HIVE has agreed upon a partnership to build a new cryptocurrency mining centre in Sweden. Genesis Mining, a specialist company which is HIVE's largest shareholder, will build and maintain the new $22m centre under the agreement. Adding to the company's existing facility in Iceland, the centre will increase HIVE's mining capacity, or "hashpower", by around 175%.