Sweden’s tax authority, Skatteverket, has ordered six crypto companies operating in Boden to pay nearly 540 million Swedish kronor, approximately $56 million, in additional taxes. The agency concluded that the firms used business structures designed to conceal crypto mining activity and obtain tax benefits they were not entitled to.
The assessments are part of a broader Skatteverket review of the crypto industry between 2024 and 2026. Nine companies have received tax adjustments totaling more than half a billion Swedish kronor during that period, with six of them operating in Boden. Patrik Lillqvist, head of intelligence at Skatteverket, said the arrangements were meant to secure tax advantages that would not have been available if the businesses had been classified as crypto miners. “The companies that we have inspected often have a special arrangement to conceal that they are engaged in mining,” Lillqvist said. “The purpose is to obtain tax advantages that the companies are not entitled to.”
Boden has attracted crypto miners because of its access to power and data center infrastructure. Sweden removed electricity tax relief previously available to data centers in 2023, which affected Bitcoin miners operating energy-intensive facilities. Swedish public broadcaster SVT previously found that crypto companies had deprived the state of around 1 billion Swedish kronor in taxes, with most cases concentrated in Boden.
Bikupan Datacenter, which has operated in Boden and Robertsfors, is among the companies contesting the tax authority’s position. The company has been granted corporate restructuring after becoming unable to pay its debts, while its tax dispute has reached Sweden’s Supreme Administrative Court. Bikupan is connected to HIVE Digital Technologies. Johanna Törnblad, CEO of Bikupan Datacenter and HIVE’s Sweden country manager, rejected Skatteverket’s assessment and said the Bikupa entities sold computing capacity while external mining pools carried out crypto mining. HIVE has been shifting its Boden facility toward AI and high-performance computing, while scaling down Bitcoin mining at the site.
Chainalysis separately highlighted that crypto tax non-compliance may exceed 90% in some markets, citing Swedish evidence. France generated approximately $9.4 billion of potentially taxable onchain crypto activity in 2025, ranking 13th globally. The EU’s DAC8 tax-transparency rules took effect on January 1, 2026, requiring crypto-asset service providers to collect transaction and identification data on EU-resident customers. The first datasets are due to be exchanged by September 30, 2027. Chainalysis estimates only around 14% of potentially taxable onchain activity falls within the practical reporting reach of CARF, leaving significant blind spots around decentralized exchanges, peer-to-peer transfers and onchain income.
