- HIVE Digital begins building on a 100 MW hydroelectric Bitcoin mining facility in Paraguay to broaden its mining capability.
- The corporate initiatives a 6.5 EH/s enhance in hashrate, boosting whole capability to 12.1 EH/s upon completion of the brand new web site.
- The venture expects to generate over $100 million in income for Paraguay’s nationwide utility over three years.
HIVE Digital Applied sciences Ltd. has commenced building of a 100-megawatt (MW) hydroelectric-powered Bitcoin mining facility in Paraguay. Current aerial pictures shared by Documenting Bitcoin present the positioning’s early growth levels.
Enlargement Plans and Income Projections
HIVE Digital Applied sciences has projected an enlargement of its mining capability with the brand new web site in Paraguay. The corporate expects to extend its Bitcoin mining hashrate by 6.5 exahashes per second (EH/s), elevating its whole hashrate to 12.1 EH/s.
This initiative follows conferences with Paraguayan President Santiago Peña and his cupboard final yr. The corporate anticipates producing over $100 million in income for Paraguay’s nationwide utility over three years.
Monitoring the present market trajectory, The Bitcoin community’s whole hash price reached 767.53 million TH/s on February 27, 2025. The market value moved above $90,000 because the hash price trended increased.
The hash price elevated considerably over the previous yr, aligning with value actions. Bitcoin’s market value fluctuated whereas the hash price remained elevated, reflecting community exercise and computational energy enlargement.
The power will make the most of hydroelectric energy from the Itaipu Dam, supporting Paraguay’s surplus vitality utilization. The corporate plans to combine its expertise in grid balancing and demand response to optimize vitality use.
Tools Upgrades and Future Operations
HIVE Digital Applied sciences has additionally introduced the acquisition of 500 Bitmain S21 Professional Antminers. These machines supply a hashrate of 234 terahashes per second (TH/s) with an effectivity of 15 joules per terahash (J/TH).
The corporate expects the tools to be delivered throughout the month, rising its whole operational hashrate to five.6 EH/s. The positioning growth stays topic to last agreements, due diligence, and regulatory approvals.
