HIVE Blockchain Acquires Bitcoin Mining Facility for $2.8M

30 Mar 2020

The Canadian firm HIVE has doubled its global mining capacity by acquiring a 30 M/W Bitcoin mining facility in Quebec.

HIVE Blockchain Technologies, a Canadian publicly-traded ether (ETH) mining firm, has announced on March 30 the acquisition of a dedicated cryptocurrency mining operation with access to 30 megawatts of low-cost green power.

The transaction was valued at CAD $4 million (USD $2.8 M). The facility, leased by Cryptologic Corp, is located in Lachute, Quebec.