{"id":10033,"date":"2025-01-28T10:15:26","date_gmt":"2025-01-28T10:15:26","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=10033"},"modified":"2025-01-28T10:15:26","modified_gmt":"2025-01-28T10:15:26","slug":"bitcoin-miner-hive-digital-to-buy-paraguay-site-from-bitfarms-for-85m","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=10033","title":{"rendered":"Bitcoin Miner Hive Digital to Buy Paraguay Site From Bitfarms for $85M"},"content":{"rendered":"<div>\n<p>Hive Digital Technologies (HIVE) agreed to buy a site in Paraguay from fellow bitcoin miner Bitfarms (BITF) for a total of $85 million including assumed obligations.<\/p>\n<p>The acquisition of the site in Yguaz\u00fa, Paraguay will more than triple Hive&#8217;s hashrate to 25 exahash per second (Eh\/s) by September, <a href=\"https:\/\/hivedigitaltechnologies.com\/news\/hive-digital-technologies-announces-the-acquisition-of-bitfarms-yguazu-paraguay-site-a-200-mw-bitcoin-mining-site-setting-the-stage-for-substantial-growth-to-25-ehs-by-september-2025\/\" target=\"_blank\">Hive said Tuesday<\/a>.<\/p>\n<p>It will pay a total of $56 million for the site, reimburse $19 million of deposits for power-purchase commitments and another $10 million for &#8220;remaining capital obligations,&#8221; <a href=\"https:\/\/investor.bitfarms.com\/news-events\/press-releases\/detail\/286\/bitfarms-enters-into-a-binding-loi-with-hive-digital\" target=\"_blank\">Bitfarms said<\/a> in a separate statement. <\/p>\n<p>Hive estimated that developing the locate into a 200 MW site to be $400,000 per MW. <\/p>\n<p>HIVE shares, which fell over 10% to $2.78 on Monday amid the <a href=\"https:\/\/www.coindesk.com\/markets\/2025\/01\/27\/bitcoin-s-deepseek-triggered-selloff-is-a-buy-the-dip-opportunity-analysts-say\" target=\"_blank\">DeepSeek-related sell-off in both crypto and equity markets<\/a>, are trading 4.68% higher at $2.91 in pre-market trading. Bitfarms is 4.29% higher at $1.46.<\/p>\n<p>Read More: <a href=\"https:\/\/www.coindesk.com\/markets\/2025\/01\/27\/bitcoin-mining-stocks-with-ai-ambition-battered-20-30-lower-as-nvidia-s-plunge-grips-crypto\" target=\"_blank\">Bitcoin Mining Stocks With AI Ambition Battered 20%-30% Lower as Nvidia&#8217;s Plunge Grips Crypto<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Hive Digital Technologies (HIVE) agreed to buy a site in Paraguay from fellow bitcoin miner Bitfarms (BITF) for a total of $85 million including assumed obligations. The acquisition of the site in Yguaz\u00fa, Paraguay will more than triple Hive&#8217;s hashrate to 25 exahash per second (Eh\/s) by September, Hive said Tuesday. It will pay a [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-10033","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/10033","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=10033"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/10033\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10033"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=10033"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=10033"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}