Hive Digital Technologies (HIVE) agreed to buy a site in Paraguay from colleague Bitcoin Miner Bitfarms (Bitf) for a total of $ 85 million including assumed obligations.

The acquisition of the site in Yguazú, Paraguay will more than Triple Hive’s Hashrate to 25 Exahash per. Second (eh/s) in September, HIVE said Tuesday.

It pays a total of $ 56 million for the site, refunds $ 19 million of contributors for Power-Curchase obligations and another $ 10 million for “remaining capital obligations,” Bitfarms said in a separate statement.

HIVE estimated that the development of the location to a 200 MW place to be $ 400,000 per year. MW.

HIVE shares that fell over 10% to $ 2.78 Monday in the middle of the deep-sex-related sales in both crypto and stock markets, trading 4.68% higher at $ 2.91 in trading before the market. Bitfarms are 4.29% higher at $ 1.46.

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