HIVE Digital Technologies ( (TSE:HIVE) ) just unveiled an update.
HIVE Digital Technologies has completed the acquisition of Bitfarms Ltd.’s Yguazú 200-megawatt hydro-powered facility in Paraguay, marking a significant expansion in its mining capacity. This acquisition is set to increase HIVE’s capacity by 317%, from 6 EH/s to a projected 25 EH/s by September 2025, reinforcing its commitment to sustainable energy and economic development in Paraguay. The expansion is expected to strengthen U.S.-Paraguay relations and contribute to local infrastructure and job creation, positioning HIVE as a key player in the region’s digital infrastructure industry.
More about HIVE Digital Technologies
HIVE Digital Technologies Ltd. is a global leader in sustainable data center infrastructure, focusing on high-performance computing powered by green hydroelectric energy. The company operates across Paraguay, Canada, and Sweden, with a strong emphasis on environmentally responsible operations and regional leadership in Latin America’s digital infrastructure industry.
YTD Price Performance: -43.37%
Average Trading Volume: 10,012,211
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $276.4M
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