A strategic operation promising to quadruple Hive’s mining capacity by leveraging Paraguay’s hydroelectric power.

Hive Digital has announced the acquisition of Bitfarms’ 200 MW facility in Paraguay, for a total value of $85 million. The operation will be completed in the first quarter of 2025.

The agreement includes a payment of $56 million for the facility acquisition, with $25 million due at closing and $31 million in semi-annual installments. Additionally, $19 million will be paid for energy deposit reimbursements and approximately $10 million to complete remaining construction obligations.

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