HIVE Digital (HIVE) Technologies announces the signing of a binding letter of intent with Bitfarms to acquire the Yguazu 200 megawatt, MW, hydro-powered Bitcoin mining facility in Paraguay. This acquisition will accelerate HIVE’s growth, increasing its global Bitcoin mining hashrate from 6 Exahash per second today, to an anticipated 25 EH/s by September 2025. HIVE estimates the total net costs to complete the site to 200 MW to be $400,000 per MW upon completion. The acquisition, valued at $56 million, includes ownership of a 240 MVA substation with 200 MW of capacity, as well as all associated land and facilities. Key terms include: $25 million payable at closing, scheduled for calendar Q1 2025. $31 million payable in equal installments over six months following closing.
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