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HIVE Digital Technologies expands Paraguay Bitcoin mining facility - ICYMI
HIVE Digital Technologies .HIVE Digital Technologies .(US:HIVE) Proactiveinvestors NA·2025-09-06 18:22

Core Insights - HIVE Digital Technologies has completed phase two of its expansion in Paraguay, which includes a total of 300 megawatts of hydro-powered capacity across two facilities [1][4][5] - The company is now generating over 8.5 Bitcoin per day, marking a significant milestone in its operations [5] - HIVE is moving forward with phase three, which will add another 100 megawatts of hydropower machines, aiming for completion by U.S. Thanksgiving [2][9] Expansion Details - Phase two consists of a 200 megawatt facility in Yguazú and a 100 megawatt facility in Valenzuela, both now fully operational [1][4] - The company has a goal to reach 25 exahash by Thanksgiving, having already surpassed 18 exahash [8][10] Renewable Energy Focus - HIVE emphasizes its commitment to renewable energy, utilizing hydroelectric power from Paraguay's large hydroelectric dam [6] - The operations not only benefit the company but also provide reliable revenue to the Paraguayan government and energy companies [7]