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HIVE buys Bitfarms' Paraguay mining site for $85M to boost Bitcoin mining capacity.
HIVE Digital Technologies is acquiring Bitfarms' 200 MW hydro-powered mining site in Paraguay for $85 million, aimed at boosting HIVE's Bitcoin mining capacity to 25 EH/s by September.
The deal includes an upfront payment of $25 million, with the rest to be paid over six months.
The site expansion, already 80% complete for the first phase, will add 6 EH/s by April and 6.5 EH/s by August, reaching the target capacity.
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HIVE compra sitio minero de Bitfarms en Paraguay por $85M para aumentar la capacidad minera de Bitcoin.