Hive Escalates Swedish VAT Dispute to European Commission
- —Sweden retroactively reclassified Hive's data center services as self-mining from 2022
- —Hive says it sells contracted compute power to clients, akin to data center hosting
- —Denied input VAT recovery forces repayment of previously refunded amounts
- —Swedish courts declined to refer the question to the CJEU; Hive turns to the EC
Why it matters: The outcome could set an EU-wide VAT precedent for miners and raise costs for crypto data centers in the region.
Source: Bitcoin.com