HIVE Says Boden AI Facility Could Generate $45M Annually

The headline number is the least informative part here: a nonbinding letter of intent is a statement of intent, not a contract, and HIVE's own framing concedes that financing and customer protections are still open. That places the real risk on the conversion step, where miners pivoting to AI hosting must show they can fund buildout and secure counterparties on terms that hold. The absence of a disclosed timeline is itself a signal worth tracking, since binding agreements tend to come with dates. Whether the Boden arrangement moves from LOI to contract is the open question.