HIVE Completes First 100MW Infrastructure In Paraguay, Plans Continued Debt-Free Expansion And Triple-Digit Growth
HIVE Digital Technologies. (NASDAQ:HIVE), a global leader in sustainable data center infrastructure, has been hard at work executing its transformative growth strategy in 2025. The company recently announced it had completed the first infrastructure phase of the plan – a 100 megawatt air-cooled data center backed by a fully energized 200 MW substation – at its flagship Yguazù facility in Paraguay. The company’s goal is to triple its operational capacity by the end of Q2, and by year-end, increase its hashrate to 25 EH/s, which HIVE says will position it to capture 3% of the global Bitcoin network.
Since last year, when HIVE purchased Bitfarms’ hydro-powered Bitcoin mining assets in Paraguay, it has been focused on growth. HIVE’s investments in Paraguay have been a game changer for the San Antonio, Texas-based company, leading to what it expects to be a transformational year in 2025.
Hitting Milestones
Efficiency is extremely important in Bitcoin mining, as it determines outcomes like profits and the sustainability of operations. That’s why the phase 1 infrastructure completion is a milestone worth paying attention to for the company. After all, with the pace at which it’s expanding, HIVE says it is one of the fastest-growing miners across the globe.
“We are executing with conviction. We aim to reach 25 EH/s by Fall 2025, producing over 12 Bitcoins daily at current difficulty levels. With our Paraguay site energized and racking underway, …
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