Hive Blockchain company was created in 2013 by Harry Pokrandt and Olivier Roussy Newton. The company's focus is, obviously, cryptocucrrency mining operations and blockchain development in collaboration with Genesis Mining and Fiore Group. Their current mining farms are located in Iceland. And now Candians plan to expand their mining operations to Sweden.
The reasons for choosing Sweden are pretty obvious to anyone who looks close enough. Cheap Swedish electricity is essential to make a higher profit and cold climate is a good bonus too, if you consider the cooling costs. But one of the main reasons lies in Swedish political climate. Rather liberal regulations allow for mining corp to expand their operations to be ten times bigger than current bitcoin mines located in Iceland. The favorable political situation is also a lot more interesting to investors and clients, who wouldn't have expressed the same interest if the farms were placed in China, for example.
Pokrandt also notes that now the timing is essential for mining. Right now the company is on the rise in stock exchange market, and have to ride the wave of their success, or be swiped under. So the Bitcoin ASICs will be delivered as soon as the construction of the data center is finished, and will be up and running shortly after that.