Bitcoin Miner Hive Digital (HIVE) to buy Paraguay from BitFarms (BitF) for $ 85 million

Hive Digital Technologies (HIVE) has agreed to purchase a site in Paraguay from Bitco Miner Bitfarms (BitF) with a total of $ 85 million, including supposed obligations.

Site on Yguazú, Paraguay will more than True Hive Hashrate to 25 Exhash per second (EH/S) by September, He said on Tuesday.

It will pay a total of $ 56 million to the site, pay $ 19 million of deposits for energy purchase obligations and another $ 10 million for “remaining capital obligations”, ” BitFarms said In a separate statement.

HIVE estimated that the development of a site to 200 megawatts is $ 400,000 per megawatts.

HIVE shares, which fell more than 10 % to $ 2.78 on Monday Selling Dembassic associated with both the encryption and stock marketsIt is traded by 4.68 % at $ 2.91 in pre -market trading. Bitfarms is 4.29 % higher at $ 1.46.

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