Hive Digital Files Complaint with European Commission Over Swedish VAT Dispute

Hive Digital Technologies has filed a formal complaint with the European Commission regarding a VAT dispute in Sweden. The Swedish Tax Agency reclassified the company's data center services as self-mining operations, retroactively applying this change since 2022. This reclassification excludes the business from VAT eligibility, potentially requiring the company to repay previously refunded input VAT. Hive maintains that its subsidiaries provide computing power to specific clients under contract and should be considered taxable business activities. After a Swedish court declined to refer the case to the Court of Justice of the European Union without providing a reason, Hive escalated the matter to the European Commission.