- Hive Digital will start building of Paraguay's 100 MW hydroelectric Bitcoin mining facility to broaden its mining capabilities.
- The corporate forecasts a rise in hashrate of 6.5 EH/s and can improve its complete capability to 12.1 EH/s upon completion of the brand new website.
- The undertaking is predicted to generate greater than $100 million in income from Paraguay's nationwide utility over three years.
Hive Digital Applied sciences Ltd. has begun building of a 100 megawatt (MW) hydroelectric Bitcoin mining facility in Paraguay. Latest aerial photographs shared by documenting Bitcoin present the positioning's early growth phases.
Growth Plans and Income Forecasts
Hive Digital Applied sciences is forecasting an enlargement in mining capabilities at its new Paraguay website. The corporate expects to extend its Bitcoin mining hashrate by 6.5 exalash per second (EH/s) and improve its complete hashrate to 12.1 EH/s.
The initiative follows a gathering with Paraguay President Santiago Peña and his cupboard final yr. The corporate expects income from Paraguay's nationwide utility to generate greater than $100 million in income over three years.
Monitoring the present market trajectory, on February 27, 2025, the entire hashrate for the Bitcoin community reached 767.53 million Th/s. With the excessive hashrate, the market value exceeded $90,000.
Hashrates have elevated considerably over the previous yr, and are in keeping with value actions. Bitcoin's market costs are fluctuating and hashrates remained rising, reflecting the rising community exercise and computational energy.
The ability will make the most of Itapu Dam's hydroelectric energy era to assist Paraguay's surplus vitality use. The corporate plans to combine expertise into grid stability and dealing with demand to optimize vitality use.
Gear upgrades and future operation
Hive Digital Applied sciences has additionally introduced the acquisition of the five hundred Bitmain S21 Professional Antminers. These machines supply a hash price of 234 terrahash (TH/S) per second, with an effectivity of 15 joules per terrahash (J/TH).
The corporate expects the tools to be delivered inside a month, rising its complete operational hashrate to five.6 EH/s. Website growth is topic to remaining contracts, due diligence and regulatory approval.
