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Technology
HIVE Digital Technologies Ltd. (TSXV: HIVE) Acquires 200 MW Hydro-Powered Mining Facility in Paraguay
Image source: Shutterstock
Highlights
HIVE Digital Technologies Ltd. (TSXV: HIVE), a global leader in sustainable data center infrastructure, has announced the successful closing of its acquisition of Bitfarms Ltd.'s 200-megawatt (MW) hydro-powered facility in Paraguay. This strategic acquisition marks a 317% increase in the company’s mining capacity, propelling HIVE from 6 Exahashes per second (EH/s) to a projected 25 EH/s by September 2025.
With this expansion, HIVE now boasts a total of 300 MW of mining infrastructure in Paraguay. This includes the previously announced 100 MW project in Valenzuela, which is set to be energized by June 2025. By Q3 2025, the company's global operational footprint is set to grow to 430 MW, with mining sites in Paraguay, Canada, and Sweden.
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