HIVE Digital Technologies completed the acquisition of Yguazú 200-megawatt hydro-powered facility from Bitfarms for $56m.

HIVE Digital Technologies, a global leader in sustainable data center infrastructure, completed the acquisition of Yguazú 200-megawatt hydro-powered facility from Bitfarms, a global Bitcoin mining company, for $56m. "This acquisition demonstrates our strategic focus on sustainable, high-growth expansion. Scaling our operations to 3% of the global network by September 2025, powered entirely by green energy, is a significant achievement. Paraguay's stability and economic policies—bolstered by President Santiago Peña's leadership and international experience—make it an excellent partner for HIVE. President Peña earned a Master's degree in Public Administration from Columbia University and worked at the International Monetary Fund (IMF) in Washington, D.C., demonstrating his deep ties to U.S. economic policy. Additionally, Paraguay maintains strong diplomatic and trade relationships with Taiwan and Israel, reinforcing its position as a key U.S. ally in Latin America," Frank Holmes, HIVE Executive Chairman.