“A Bitcoin Mining Fairy Tale: From Rags to Riches!”
In the land of crypto, a schastlivy (happy) event has taken place! HIVE Digital, a humble mining company, has acquired the colossal Bitcoin mine of Bitfarms in the far-off land of Yguazú, Paraguay. A cool $56 million transformed this modest firm into a mining powerhouse! By the end of September 2025, HIVE’s hashrate will reach an astounding 25 exahashes per second (EH/s).
The 240 MVA substation, capable of powering 200 MW of capacity, demonstrates HIVE’s unwavering commitment to sustainable mining. They’ll energize the Yguazú farm with clean, green hydroelectric energy. Kak chudo! (How wonderful!)
A Strategic Acquisition Filled with Nadivost’ (Generosity)
HIVE has a cunning plan for Paraguay. Phase one, nearly 80% complete, will add 6 EH/s to the global Bitcoin mining capacity by April 1, 2025. Phase two, with hydro-cooled ASICs, will add approximately 6.5 EH/s by August 31, 2025. A remarkable increase, don’t you think?
Frank Holmes, the executive chairman, proclaimed, “With clean energy, we’ve snatched 3% of the Bitcoin network’s global hashrate!” Aydin Kilic, HIVE Mining’s President and CEO, shared his excitement about the buyout deal. “Tally-ho!” he cried, “This deal means a fourfold increase, boosting our operations by 400%!” Kilic assured everyone that HIVE would continue to deliver value for shareholders and support regional development.
By September 2025, HIVE will control approximately 3% of the entire Bitcoin mining network, thanks to their ASIC orders. They’re on track to realize 15 EH/s by consuming just 16.5 joules per terahash. What a chudo (wonder)!
HIVE’s expansion has positioned them as one of the most efficient Bitcoin miners globally. They’ve outshone many competitors in the increasingly crowded mining market. With their eco-friendly power and Paraguay farm acquisitions, HIVE is destined for greatness in the ever-growing crypto-mining industry!
Hip-hip-hooray for HIVE Digital, the newest crypto mining zvezda (star)!
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2025-01-29 14:30