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HIVE Digital set to acquire Bitcoin miner Bitfarms’ 200 MW Paraguay site in $85 million deal The Block 28 Jan 2025

HIVE Digital set to acquire Bitcoin miner Bitfarms’ 200 MW Paraguay site in $85 million deal 📈

Paraguay Bitcoin Bitfarms HIVE Digital

HIVE Digital is in the process of acquiring Bitfarms’ 200 MW mining site located in Paraguay. This substantial deal is valued at $85 million. Once completed, HIVE has ambitious plans to significantly enhance its Bitcoin mining capabilities. The company aims to increase its global Bitcoin hashrate by a remarkable 400%, climbing from an existing 6 EH/s to an impressive 25 EH/s by September. This acquisition marks a strategic expansion in HIVE's mining operations, underlining its position in the cryptocurrency mining industry.

Source: www.theblockcrypto.com ↗

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