Bitfarms completes the acquisition of Stronghold Digital, further expanding its business footprint in the United States. Through a stock-for-stock merger transaction, Bitfarms' computing power increases to 18 EH/s, with a 1.1 GW growth pipeline obtained in Pennsylvania. This move not only consolidates its position in the North American market but also supports high-performance computing and AI hosting strategies.
Meanwhile, Bitfarms sold its 200 MW facility in Paraguay to HIVE Digital for $56 million, which expanded HIVE's mining capacity to 6 EH/s, expected to reach 25 EH/s by 2025. This acquisition by HIVE not only enhances its global competitiveness but also demonstrates its commitment to sustainable growth and local investment.