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A company that is changing the way the world mines bitcoin

WallStreet Forex Robot 3.0
Market Cap
24h Vol
12450
Cryptocurrencies
55.82%
Bitcoin Share
BitcoinSistemi 2025-01-28 13:28:09

Bitcoin Mining Company Hive Digital Significantly Expands Mining Capacity! Here Are the Details

Bitcoin Mining Company Hive Digital Significantly Expands Mining Capacity! Here Are the Details

Bitcoin miner Hive Digital Technologies (HIVE) has agreed to purchase a mining site in Paraguay from Bitfarms (BITF) for $85 million, marking a major expansion for the company. Hive Digital to Triple Hashrate by Buying Paraguay Mining Site from Bitfarms for $85 Million The deal announced today will more than triple Hive’s hashrate from 6 EH/s to 25 EH/s by September. Basic Details of Purchase Hive will pay $56 million for the site. The company will refund $19 million in deposits related to power purchase commitments. Another $10 million will cover remaining capital obligations, according to a separate statement from Bitfarms. Hive estimates development costs at $400,000 per megawatt (MW) when scaling the 200 MW site. The purchase follows a volatile trading session for crypto-related stocks, with HIVE shares falling more than 10% to $2.78 on Monday amid a broader market sell-off triggered by DeepSeek’s disruptive AI developments. However, in pre-market trading on Tuesday, Hive rose 4.68% to $2.91, while Bitfarms rose 4.29% to $1.46. This move positions Hive Digital for significant growth in mining capacity and strengthens its expansion strategy in a competitive Bitcoin mining environment. *This is not investment advice. Continue Reading: Bitcoin Mining Company Hive Digital Significantly Expands Mining Capacity! Here Are the Details

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Market Cap
24h Vol
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342
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