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HIVE Digital Buys Bitfarms’ Paraguay BTC Mine for $56M

HIVE Digital has finalized the acquisition of Bitfarms’ partially completed 200-megawatt Bitcoin mining facility in Yguazú, Paraguay, for $56 million. The deal includes an upfront payment of $25 million due at closing in the first quarter of 2025, with the remaining $31 million to be paid in six equal monthly installments. The $56 Million Purchase According to an announcement HIVE made on January 28, the Yguazú facility will be developed in two stages. Phase 1, which is already 80% finished, is scheduled for completion by April 1, 2025. Once operational in the second quarter, it is expected to add approximately six exahashes per second (EH/s) to HIVE’s Bitcoin mining capacity. Phase 2, expected to be wrapped up by August 31, 2025, will introduce hydro-cooled Bitmain S21+ ASICs, adding 6.5 EH/s. The Texas-based crypto miner has estimated the cost of completing the facility at $400,000 per MW. It also revealed that it will be funded using existing cash reserves and BTC holdings. As part of the acquisition, HIVE will assume $19 million in pre-existing power purchase agreement (PPA) deposits that Bitfarms paid to Paraguayan utility ANDE. This aligns with its goal of expanding its Bitcoin mining capacity to 25 EH/s by September 2025. As of December 2024, the firm reported a realized hashrate of 5.46 EH/s and held 2,805 BTC in its reserves. It has also pre-ordered 15 EH/s of hydro-cooled ASICs from Bitmain and Canaan to support its growth plans. Bitfarms’ Strategic Shift The sale of the Yguazú facility marks a strategic shift for Bitfarms, which initially planned to develop the site as part of its 2024 expansion into Latin America. Construction delays led to the relocation of mining equipment originally intended for Paraguay to Stronghold Digital’s Pennsylvania facility as part of a 2024 merger. CEO Ben Gagnon stated that the proceeds from the sale would support the company’s 1-gigawatt growth pipeline in the U.S., which includes infrastructure for Bitcoin mining as well as high-performance computing and artificial intelligence. “We are pleased to announce the sale of our Yguazú site to HIVE as we continue to streamline our operations and rebalance towards North America,” Gagnon said. Bitfarms remains committed to its operations in Latin America, where it has three other facilities with a total capacity of 144 MW and long-term power agreements. The latest development comes after a proposed merger with Riot Platforms Inc. in 2024, which would have created 15 facilities in several areas, including Paraguay. However, Bitfarms’ board ultimately rejected the plan, with the two companies terminating the acquisition bid. The post HIVE Digital Buys Bitfarms’ Paraguay BTC Mine for $56M appeared first on CryptoPotato . Bitcoin.com

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Final Chance to Enter Before 100x Listing Explosion: This XRP Rival Is Going Viral For $100K Giveaway

The ongoing presale of DTX Exchange (DTX) has made headlines in the crypto market, reaching the final stage earlier than expected. As a result, the demand has increased massively, propelling presale earnings to an impressive $13,331,176. Additionally, the $100,000 giveaway announcement has become an attraction for crypto investors. With solid fundamentals and unique positioning in the crypto market, DTX Exchange has become one of the most formidable rivals of Ripple (XRP). Meanwhile, the XRP price is facing high market volatility and trading in the sideways zone. It faces resistance near the $3.10 level and might initiate another rally if it can break past the local barriers. XRP Price Rally Stalls at Critical $3 Mark For the last two weeks, the XRP price has been continuously experiencing selling pressure from the $3 zone. It has tried several times to break past this zone but has faced rejection, forming an upper wick. However, the XRP price recovery after the DeepSeek crash has demonstrated resilience. Ripple is still trading inside the pennant pattern, with volatility contracting significantly. In the last 24 hours, the trading volume has decreased by 31%. The XRP price will reach the next supply zone at $3.30, which is also at an all-time high. The Fibonacci extension shows that the next resistances could be $3.70 (0.786 FIB) and $4 (1 FIB). These overhead resistances indicate potential short-term selling pressure, while rapid developments in Ripple suggest a bullish long-term outlook. Courtesy: TradingView The XRP price is now trading above $3 and the 20-period Moving Average. A bullish flag pattern is also forming, with resistance at $3.10 on the lower time frame. If Ripple struggles to break past $3.10, it may face another decline. The first support level is around $3, while the next major support lies near $2.80. In a groundbreaking move, Japan’s entire banking sector will adopt Ripple’s XRP cryptocurrency, reshaping the global financial system. SBI Holdings CEO Yoshitaka Kitao confirmed this shift, which is expected to transform cross-border transactions and currency conversions and position XRP as a major force in modern finance. DTX Exchange Remarkable Presale Success Attracts Institutions DTX Exchange is revolutionizing the crypto market by combining traditional and modern finance through blockchain technology. The DTX token was priced at $0.02 at the start of the presale and is currently trading at $0.16, a 700% gain for early investors. However, the token is preparing to be listed in major exchanges, which makes it a contender for 100x growth after the launch. It is powered by the first-ever hybrid blockchain, VulcanX, which supports over 100,000 financial instruments in a single platform. DTX Exchange will support stocks, crypto, forex, and ETFs on the platform, making trading much more manageable. Additionally, it will allow a leverage of 1,000x, so with $100 capital, one can access liquidity of up to $100,000. With an unmatched order execution speed of 0.04 seconds, DTX provides rare efficiency, reducing slippage and operational costs compared to other trading platforms. Its impressive speed is supported by a strong framework, making it scalable during its growth phase. DTX Exchange is gaining institutional investors’ attention through strategic listings on CoinMarketCap and an audit by SolidProof. The platform listing and KYC checks enhance visibility, credibility, and community engagement by introducing DTX to millions of crypto enthusiasts. Key Takeaways The crypto market has always appreciated projects with future vision and utility. While the XRP price has performed impressively, it is time for DTX to shine and capture a large user base. Investors who see stability and long-term profitability must keep track of this project. Expert investors find DTX Exchange to be the rising star of this crypto market, which is believed to take over after the listing. Find out more information about DTX Exchange (DTX) by visiting the links below: Buy Presale Visit DTX Website Join The DTX Community Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here . Bitcoin.com