- 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 improve in hashrate, boosting whole capability to 12.1 EH/s upon completion of the brand new website.
- The challenge 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 photographs shared by Documenting Bitcoin present the positioning’s early improvement phases.
Growth Plans and Income Projections
HIVE Digital Applied sciences has projected an growth of its mining capability with the brand new website 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 fee reached 767.53 million TH/s on February 27, 2025. The market worth moved above $90,000 because the hash fee trended increased.
The hash fee elevated considerably over the previous yr, aligning with worth actions. Bitcoin’s market worth fluctuated whereas the hash fee remained elevated, reflecting community exercise and computational energy growth.
The ability will make the most of hydroelectric energy from the Itaipu Dam, supporting Paraguay’s surplus power utilization. The corporate plans to combine its expertise in grid balancing and demand response to optimize power 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 gear to be delivered throughout the month, rising its whole operational hashrate to five.6 EH/s. The positioning improvement stays topic to closing agreements, due diligence, and regulatory approvals.
