Hive Digital closes acquisition of Bitfarms Yguazu facility in Paraguay

HIVE Digital (HIVE) announces the closing of its acquisition of Bitfarms (BITF) Yguazu 200-megawatt hydro-powered facility in Paraguay. This strategic expansion marks a 317% increase in mining capacity, propelling HIVE from 6 Exahashes per second today to a projected 25 EH/s by September 2025. With this acquisition, HIVE now has a total of 300 MW of mining infrastructure in Paraguay, including its previously announced 100 MW project in Valenzuela, which is set for energization by June 2025. The company’s global operational footprint will grow to 430 MW by Q3 2025, spanning Paraguay, Canada, and Sweden. This milestone reinforces HIVE’s commitment to 100% green hydroelectric energy while establishing itself as a dominant force in high-performance computing in Latin America. Paraguay provides low-cost hydroelectric power, a stable regulatory environment, and competitive operational costs, making it an ideal location for HIVE’s rapid expansion.