Hive Digital Completes Yguazú Purchase: $56M for a 200 MW Site in Paraguay

Hive Digital has announced the finalization of its acquisition of the Yguazú facility in Paraguay. The deal is valued at $56M, granting access to a data center with an impressive 200 MW capacity. Analysts believe this move positions the company more prominently within the Latin American mining sector.

Reports indicate that the site can house thousands of specialized mining machines, paving the way for a notable hashrate boost. Additionally, Hive Digital notes that energy costs in the region are favorable, helping maintain operational expenses at sustainable levels. Experts predict increased competitiveness and a broader opportunity to attract new partners.

According to the official statement, Hive Digital will continue its environmentally responsible approach to mining. Plans are already underway to adopt renewable power sources and optimize energy consumption. With this acquisition, the company aims for long-term expansion in the global cryptocurrency mining market.