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📅 Event Period: Sept 18, 2025, 18:00 – Sept 25, 2025, 24:00 (UTC+8)
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Launchpool: Stake GT to earn PORTALS
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Bitcoin Mining Company Hive Digital Sees Significant Growth in 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, signaling a major expansion for the company.
Hive Digital to Triple Hashrate by Acquiring Paraguay Mining Site from Bitfarms for $85 Million
Today's announcement will increase Hive's hashrate speed by more than threefold to 25 EH/s from 6 EH/s by September.
Basic Details of Buying
Buy, HIVE shares are following a volatile trading session for crypto-related stocks, dropping more than 10% to $2.78 on Monday amid a broader market sell-off triggered by DeepSeek's disruptive artificial intelligence 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.