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HIVE Digital Technologies Announces Plans to Build 100 MW Hydroelectric Data Center in Paraguay, Targeting to Double Revenue and Increase Hashrate to Over 12 Exahash in the Next Year
HIVE Digital Technologies (TSXV: HIVE) (NASDAQ: HIVE) has announced plans to construct a 100 megawatt digital asset mining operation in Paraguay, utilizing green energy from the Itaipu hydroelectric dam.
HIVE Digital Technologies (TSXV: HIVE) (NASDAQ: HIVE) has announced plans to construct a 100 megawatt digital asset mining operation in Paraguay, utilizing green energy from the Itaipu hydroelectric dam.
This project is expected to add up to 6.5 Exahash per second (EH/s) to HIVE's Bitcoin mining operations, potentially increasing their global hashrate to 12.1 EH/s.
The company aims to generate over $100 million in stable U.S. dollar revenue for Paraguay's utility company over the next three years.
HIVE has also acquired 500 Bitmain S21 Pro Antminers, expecting to increase its total operational hashrate to 5.6 EH/s.
HIVE has also acquired 500 Bitmain S21 Pro Antminers, expecting to increase its total operational hashrate to 5.6 EH/s.
As of July 21, 2024, HIVE's HODL position increased to 2,521 BTC, valued at over $170 million.
The company has granted 2,491,000 restricted share units (RSUs) to employees, officers, directors, and eligible consultants to align interests with long-term success.
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