HIVE Digital Technologies to Expand Bitcoin Mining Capacity with Paraguay Acquisition

HIVE Digital Technologies ( (TSE:HIVE) ) has provided an announcement.

HIVE Digital Technologies has announced the acquisition of Bitfarms’ Yguazú, Paraguay site, a 200 MW hydro-powered Bitcoin mining facility. This strategic move will significantly increase HIVE’s global Bitcoin mining hashrate from 6 EH/s to an anticipated 25 EH/s by September 2025, enhancing its operational capacity to 430 MW worldwide. The acquisition underscores HIVE’s commitment to sustainable, green energy and positions it as a leading Bitcoin mining operator in Latin America. The development of the Yguazú site will occur in two phases, with full completion expected by August 31, 2025, and aims to improve energy efficiency, reduce Bitcoin production costs, and deliver rapid returns on investment.

More about HIVE Digital Technologies

HIVE Digital Technologies Ltd. is a global leader in sustainable data center infrastructure, focusing on Bitcoin mining operations that utilize 100% green hydroelectric energy. The company operates facilities in Canada, Sweden, and aims to expand its presence in Latin America, becoming one of the largest Bitcoin mining operators in the region.

YTD Price Performance: -10.03%

Average Trading Volume: 8,523,770

Technical Sentiment Consensus Rating: Strong Buy

Current Market Cap: $396.6M

For detailed information about HIVE stock, go to TipRanks’ Stock Analysis page.