Hive Digital signed a millions of million deal to gain a mining site of 200 megawatts in Paraguay, with plans to achieve 25 EH/S by September.

Canadian Bitcoin (BTCDigital Digital Mining Hive Digital bitfarms200 megawatts aquaculture Mining Site in Paraguay, which enhances mining power to 25 EH/S by September. The power pump is more than 400 % for its current 6 EH/S capacity, and it was unveiled on January 28 press release.

The facility, called YGUZú, will be developed in two phases. The first stage-which was already completed by 80 %-was appointed to the air directly by the Q2, adding 6 EH/S, while the second stage-expected by August-will contribute 6.5 EH/S using ASIC S21+ cooler.

"HIVE's improved operational capacity in Paraguay will achieve 300 megawatts upon completion of this acquisition, which brings its global ability, including the current facilities in Canada and Sweden, to 430 MW by Q3 2025."

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The $ 56 million deal includes a large power plant and all its infrastructure. According to the press statement, HIVE will pay $ 25 million in advance, with the rest for six months. The project will be funded using Hive's Cash and Crypto Holdings. Hive will also cover $ 19 million in deposits and construction costs to finish the site.

Frank Holmes, CEO of HIVE, said that HIVE doubles its plan to achieve 3 % of the Bitcoin World Mining Network. Amid the news, HIVE shares increased by 5 % in pre -market trading, the next day after a 10 % decrease, which was part of broader sale between bitcoin mining companies. According to what was reported, the decline was linked to the market concerns Rumors About the advanced AI emerging emerging in China.