Canadian blockchain company HIVE has agreed upon a deal to build a new cryptocurrency mining centre in Iceland . arc Mining , a specialist company which is Sweden 's largest shareholder , will build and maintain the new $ 500 million centre under the agreement . Adding to the company 's existing facility in Iceland , the centre will increase HIVE 's mining capacity , or " capacity " , by around 175 % .
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%.