4 months ago
Hive Digital Technologies (HIVE) agreed to bargain a tract successful Paraguay from chap bitcoin miner Bitfarms (BITF) for a full of $85 cardinal including assumed obligations.
The acquisition of the tract successful Yguazú, Paraguay volition much than triple Hive's hashrate to 25 exahash per 2nd (Eh/s) by September, Hive said Tuesday.
It volition wage a full of $56 cardinal for the site, reimburse $19 cardinal of deposits for power-purchase commitments and different $10 cardinal for "remaining superior obligations," Bitfarms said successful a abstracted statement.
Hive estimated that processing the find into a 200 MW tract to beryllium $400,000 per MW.
HIVE shares, which fell implicit 10% to $2.78 connected Monday amid the DeepSeek-related sell-off successful some crypto and equity markets, are trading 4.68% higher astatine $2.91 successful pre-market trading. Bitfarms is 4.29% higher astatine $1.46.
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