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← Keel Infrastructure
Wed, Jan 29, 2025

Bitfarms agrees to sell Yguazú, Paraguay site to HIVE

Source document ↗

Key points

  • Binding LOI to sell the 200 MW Yguazú, Paraguay site to HIVE Digital Technologies
  • Transaction values the completed site at approximately $85 million, including ~$19 million of ANDE power deposits and assumption of ~$10 million of remaining capital obligations
  • Bitfarms to receive $25 million at closing, $31 million over six months following closing, and $19 million as reimbursement for power deposits
  • Rebalances YE 2025 proforma energy portfolio to ~80% North American and reduces estimated average power costs by ~10%
  • Proceeds to be reinvested in the 1 GW U.S. growth pipeline for BTC and HPC/AI; closing expected in Q1 2025

Deal

HIVE Digital TechnologiesJan 2025
SiteYguazú, Paraguay (site divestiture to HIVE)
Contracted capacity200 MW
Contract value$0.085B