HIVE Digital Technologies expands mining capacity with Yguazú acquisition in Paraguay
Portfolio Pulse from
HIVE Digital Technologies has acquired Bitfarms' Yguazú 200 MW hydro-powered facility in Paraguay, boosting its mining capacity significantly. This acquisition, along with the upcoming Valenzuela project, will increase HIVE's capacity from 6 EH/s to 25 EH/s by September 2025.
March 18, 2025 | 1:00 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
HIVE Digital Technologies has acquired a 200 MW facility from Bitfarms, significantly boosting its mining capacity. This strategic move is expected to increase HIVE's capacity from 6 EH/s to 25 EH/s by September 2025.
The acquisition of a large hydro-powered facility will significantly increase HIVE's mining capacity, which is a positive development for the company. This expansion aligns with HIVE's growth strategy and is likely to enhance its market position.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100