Hive Digital to expand operations to Paraguay for the first time
Bitcoin miner Hive Digital has plans to build a 100-megawatt mining facility in Paraguay powered by the nation’s Itaipu hydroelectric dam.
Bitcoin miner HIVE Digital Technologies has revealed plans to build a 100-megawatt mining site in Paraguay — its first site in the country — expected to more than double its mining hashrate.
The expansion announcement came after HIVE executives toured the country and met with Paraguay President Santiago Peña and senior cabinet ministers, and saw “huge potential for growth,” according to a July 22 statement.
HIVE estimates its hashrate would increase from 5.6 exahashes per second to 12.1 EH/s after the site is completed.
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Author: Brayden Lindrea
