HIVE Digital Technologies .(HIVE) Newsfile·2025-03-18 05:00Core Viewpoint - HIVE Digital Technologies has successfully acquired Bitfarms Ltd.'s Yguazú hydro-powered facility in Paraguay, significantly increasing its mining capacity by 317%, from 6 EH/s to a projected 25 EH/s by September 2025 [2][3][10]. Company Expansion - The acquisition adds a total of 200 MW of mining infrastructure in Paraguay, complementing HIVE's existing 100 MW project in Valenzuela, which is expected to be operational by June 2025 [3][4]. - HIVE's global operational capacity will reach 430 MW by Q3 2025, with facilities in Paraguay, Canada, and Sweden [3]. Sustainable Energy Commitment - HIVE emphasizes its commitment to 100% green hydroelectric energy, positioning itself as a leader in high-performance computing in Latin America [4][10]. - Paraguay's low-cost hydroelectric power and stable regulatory environment are key factors in HIVE's expansion strategy [4]. Development Plan - The Yguazú facility will be developed in two phases, with Phase 1 expected to add approximately 6 EH/s of hashrate by April 1, 2025, and Phase 2 contributing an additional 6.5 EH/s by August 31, 2025 [5][7]. - HIVE has secured ASICs for 15 EH/s of operational hashrate, including existing and ordered equipment [5]. Economic Impact - HIVE's operations in Paraguay will generate monthly revenue for the national utility company, ANDE, contributing to local infrastructure and economic growth [9]. - The acquisition is valued at $56 million, which includes ownership of a 240 MVA substation and associated facilities [12][14]. Leadership and Strategic Focus - HIVE's Executive Chairman, Frank Holmes, highlights the strategic focus on sustainable growth and the importance of Paraguay's economic policies under President Santiago Peña [6][8]. - The company aims to scale its operations to 3% of the global network by September 2025, powered entirely by green energy [6].