
Key Information:
- Hive Digital Technologies is set to purchase a site in Yguazú, Paraguay from Bitfarms.
- The deal is valued at $85 million, which includes assuming obligations.
- Hive will pay $56 million for the site, alongside funding $29 million in commitments.
- This acquisition will enhance Hive’s hashrate to 25 EH/s by September, significantly up from 6 EH/s.
Read More: Bitfarms Press Release
Hive’s share price saw fluctuations, dropping over 10% to $2.78 before recovering slightly in pre-market trading.