Hive Digital Technologies (Hive) has agreed to buy a Paraguayan Bitcoin Miner Bitfarms (BITF) for an overall $85 million, adding the anticipated obligations.
The acquisition of in Yguazú, Paraguay, will be more than the Triple Hive hashrate with 25 exahasho according to the moment (EH/s) until September, Hive said on Tuesday.
It will pay an overall $56 million for the site, repay $19 million in deposits for electric power procurement commitments and another $10 million for “remaining capital obligations,” Bitfarms said in a separate press release.
Hive estimated that the location progression by two hundred MW would be $400,000 consistent with MW.
Hive shares, which fell more than 10% to $ 2. 78 on Monday, in the middle of the sale of sales related to the Deepseek in crypto and inventory markets, are 4. 68% to $ 2. 91 in pre-tradararybitfarms exceeds 4. 29% at $ 1. 46.
Read more: Bitcoin’s mining stocks with ABITION of AI exceeded 20% to 30% of the decrease in crypto
Jamie joined Coendesk as a journalist in February 2021 after having written widely in Crypto and the Blockchain for two years in papers. Far from crypto, Jamie runs a lot and likes everything that is sports. It has small amounts of BTC, ETH, ADA and LTC.
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