- HIVE Digital Technologies completes its 100 MW Phase 1 infrastructure at the Yguazú facility in Paraguay, marking a significant milestone in its expansion plans.
- The company is set to scale operations to 5 EH/s in Paraguay and 11.5 EH/s across all operations by Q2 2025.
- Carlos Anibal Torres is appointed as the new Paraguay Operations & Project Manager to support the growth.
HIVE Digital Technologies Ltd. (HIVE, Financial), a leader in sustainable data center infrastructure, has successfully completed Phase 1 of its Paraguay infrastructure project. The Yguazú facility now boasts a 100 MW air-cooled data center, supported by a 200 MW substation, allowing HIVE to manage up to 5 exahash per second (EH/s) of next-generation ASIC miners.
The company is currently operating at 200 petahashes with its proprietary BUZZ Miners. HIVE reports that it will deploy 8,000 BUZZ Miners by the end of April, with additional deliveries of over 20,000 new-generation ASIC units, including Bitmain S21+ units, expected by the end of May.
Looking ahead, HIVE anticipates scaling to 5 EH/s in Paraguay and achieving a total hashrate of 11.5 EH/s across its global operations by the end of the second quarter of 2025. The strategic aim is to reach 25 EH/s by fall 2025, potentially producing over 12 Bitcoins per day at the current difficulty levels.
In a strategic operational move, HIVE has secured deposits for 4.3 EH/s of Bitmain S21+ miners and welcomes Carlos Anibal Torres as the new Paraguay Operations & Project Manager. Torres brings over 15 years of experience in large-scale infrastructure and energy systems, which will be integral to HIVE's continued growth and innovation in the digital mining sector.
