• HIVE Digital Technologies acquires 200 MW hydro-powered bitcoin mining facility in Paraguay

  • Jan 29 2025
  • Length: 6 mins
  • Podcast

HIVE Digital Technologies acquires 200 MW hydro-powered bitcoin mining facility in Paraguay

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  • Hive Digital Technologies Executive Chairman Frank Holmes joined Steve Darling from Proactive to share exciting news the company’s binding letter of intent to acquire the Yguazú 200 MW hydro-powered Bitcoin mining facility in Paraguay from Bitfarms Ltd. This strategic acquisition is set to significantly accelerate HIVE’s growth, boosting its global Bitcoin mining hashrate from 6 Exahash per second (EH/s) today to an anticipated 25 EH/s by September 2025. Holmes explained that upon completion of the acquisition, HIVE’s operational capacity in Paraguay will reach 300 MW, bringing its total global capacity to 430 MW, including its existing facilities in Canada and Sweden. The company continues to lead the way in sustainable mining by operating entirely on 100% green hydroelectric energy. This expansion also positions HIVE as one of the largest Bitcoin mining operators in Latin America. The development of the Yguazú facility will be completed in two phases. Phase 1, already 80% complete, is scheduled to be operational by April 1, 2025, with key infrastructure nearing readiness. Phase 2, expected by August 31, 2025, will add 6.5 EH/s of capacity using cutting-edge hydro-cooled ASICs, maximizing energy efficiency and performance. This acquisition underscores HIVE’s commitment to sustainability, scalability, and innovation in the cryptocurrency mining sector, cementing its position as a global leader in green Bitcoin mining. #proactiveinvestors #hivedigitaltechnologieslet #tsxv #hive #nasdaq #hive #BitcoinMining #CryptoInvesting #Paraguay #Blockchain #SustainableMining #GreenEnergy #CryptoExpansion #Investing #Bitcoin
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