HIVE Digital acquires Bitfarms’ 200 MW Bitcoin mining site in Paraguay for $85M, aiming to scale operations by 400% and boost global hashrate to 25 EH/s by September 2025.

The acquisition of the site in Yguazú, Paraguay will increase the company's hashrate from 6 Eh/s to 25 EH/s by September of this year

HIVE Digital Technologies Ltd., a global leader in sustainable data center infrastructure, is set to acquire the Yguazú 200 megawatt (MW) hydro-powered Bitcoin mining facility in Paraguay from Bitfarms Ltd.

Hive Digital Technologies (HIVE) shares rose 2.5% in pre-market trading on Tuesday after the Bitcoin miner announced an $85 million acquisition of a site in Yguazú, Paraguay, from fellow Bitcoin miner Bitfarms (BITF).