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Hive Digital Spends 85 Million USD to Purchase Bitcoin Mining Site in Paraguay, Triples Mining Capacity
A major deal between two Bitcoin mining giants
The Bitcoin mining company #HiveDigitalTechnologies has just announced a deal to acquire the mining facility of #Bitfarms in Yguazú, Paraguay for a total value of 85 million USD, including related financial obligations.
This transaction includes:
56 million USD to acquire infrastructure. 19 million USD to reimburse the deposit for the power purchase commitment. 10 million USD for remaining capital obligations.
Increasing capacity more than 3 times
The Bitcoin mining company #HiveDigitalTechnologies has just announced a deal to acquire the mining facility of #Bitfarms in Yguazú, Paraguay for a total value of 85 million USD, including related financial obligations.
This transaction includes:
56 million USD to acquire infrastructure. 19 million USD to reimburse the deposit for the power purchase commitment. 10 million USD for remaining capital obligations.
Increasing capacity more than 3 times
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