Welcome back to The Mining Pod! For this week’s Bitcoin Stock Show, Colin welcomes Hive Executive Chairman Frank Holmes and CEO Aydin Kilic to discuss the company’s LOI to acquire Bitfarms’ 200 MW bitcoin mine in Yguazú, Paraguay for $85 million ($56 million for the site, $19 million for the PPA, and $10 million for construction contract). Once fully energized, the acquisition and Hive’s other, 100 MW site in Paraguay should catapult the company from 6 to 25 EH/s under management. During the conversation, Holmes and Aydin discuss why they are putting so many chips on Paraguay, the timeline for the 200 MW site’s completion, why they are outfitting it with Antminer S21 Hydros, and more.

Timestamps:

00:00 Start

01:52 Deal process

07:48 Capital access & foreign mining sites

17:24 Tariffs on energy

24:15 Paraguay roll out phases

28:58 Cooling

32:02 Deal hand off

33:22 PPA

34:35 Regional power make up

39:24 Other Paraguay site?

40:08 2025 predictions

43:57 Energy as sovereign asset

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