HIVE Digital plans to build a 100 MW mining farm in Paraguay, using clean energy from the Itaipu Dam. This expansion will enhance their global presence and computational power.
The new facility will boost HIVE Digital’s computational power to 12.1 EH/s, marking a significant milestone in their growth. By utilizing hydroelectric power, the project sets a notable example for sustainable energy use in crypto mining.
HIVE Digital’s Bitcoin reserves have reached 2521 BTC, valued at $168.6 million, showcasing their strong market position. Their stock price recently rose to $4.5, indicating an 8.4% increase.
This initiative is poised to drive economic growth in Paraguay and support innovation, potentially making the country a hub for sustainable cryptocurrency mining. HIVE Digital’s strategic expansion highlights their commitment to sustainability and long-term industry leadership.
