On March 18, 2025, Bitfarms Ltd. finalized the sale of its 200-megawatt hydro-powered Bitcoin mining facility in Yguazú, Paraguay, to HIVE Digital Technologies Ltd. This strategic transaction, valued at approximately $85 million, enables Bitfarms to streamline operations and concentrate on expanding its energy and compute infrastructure in North America. For HIVE, the acquisition significantly boosts its global mining capacity, with plans to increase from 6 Exahashes per second (EH/s) to 25 EH/s by September 2025, thereby enhancing its position in the sustainable blockchain infrastructure sector.

A Fasken multidisciplinary team composed of Kadiatou Sow, Rémi Slama, Martin Legault, Youcef Belrachid and Benjamin Gross advised Bitfarms Ltd. in this sale.