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    NFT sales pump 37% to $144.8m, Immutable dethrones Ethereum

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    Civitas Migrates to Immutable zkEVM to Power Low-Cost, Scalable Web3 Gaming & Web3 Network Growth

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    Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

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    A Step-by-Step Guide for Beginners

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    Long and Short Positions in Crypto Explained for Beginners

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    What Is Fully Diluted Valuation (FDV) in Crypto?

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    What Is Crypto Staking? How to Earn Crypto by Holding It

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    Bitcoin Sees Historic Rise in Shark and Whale BTC Wallets, Records New High: Santiment

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    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

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  • Crypto
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    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

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    Enhancing Security in Online Gambling with Blockchain Technology

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    Blushush by Sahil Gandhi and Ohh My Brand by Bhavik Sarkhedi Partner to Revolutionize Brand Strategy and Personal Branding

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    How to Play Treeverse: Beginner’s Guide to Gameplay, NFTs, and Tokenomics

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    Intellivix Targets Global AI Surveillance Market with ‘False Alarm Elimination’ Gen AMS

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    The Future of Gambling: How Casino Sites Are Leveraging Web3

    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

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    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

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    Brain-Computer Interface Market Value, Trends, and Demand Insights | Scope By 2032

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    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

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    NFT sales plunge 18% to $116.9m, Polygon beats Ethereum

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    Matt Furie NFTs Crater 97% After Mint Exploit

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    Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

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    MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

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    NetMindAI Partners with Neurochain AI to Revolutionize Decentralized AI Services

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    Polyhedra Network launches Proof Cloud in open beta

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    SoonVerse Partners with Arris to Enhance User Experience

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    How decentralization can mitigate ‘dystopic’ artificial intelligence risks: SingularityNET exec

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    What Is Asset Tokenization? Types, Why It Matters Now [2025]

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  • Analysis
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    Bitcoin Sees Historic Rise in Shark and Whale BTC Wallets, Records New High: Santiment

    An SBF Testimony Could Add ‘Decades’ to His Prison Sentence, According to Lawyer – Here’s Why

    An SBF Testimony Could Add ‘Decades’ to His Prison Sentence, According to Lawyer – Here’s Why

    Solana, XRP and One Ethereum Rival Leading Institutional Inflows in 2023: CoinShares Data

    Solana, XRP and One Ethereum Rival Leading Institutional Inflows in 2023: CoinShares Data

    Estate of Bankrupt Crypto Exchange FTX Abruptly Stakes Over $144 Million in Solana (SOL)

    Estate of Bankrupt Crypto Exchange FTX Abruptly Stakes Over $144 Million in Solana (SOL)

    Dogecoin Bull run

    Here’s What Could Trigger the Next Dogecoin (DOGE) Bull Run, According to Crypto Strategist

    Benjamin Cowen Warns Majority of Altcoins Will Never See New All-Time Highs Again Amid ‘Serious Declines’

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Home Mining

HIVE Digital Technologies Begins Construction of 100 MW  Bitcoin Mine in Paraguay

February 28, 2025
in Mining
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HIVE Digital Technologies Begins Construction of 100 MW  Bitcoin Mine in Paraguay
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  • HIVE Digital starts construction on a 100 MW hydroelectric Bitcoin mining facility in Paraguay to expand its mining capacity.
  • The company projects a 6.5 EH/s increase in hashrate, boosting total capacity to 12.1 EH/s upon completion of the new site.
  • The project expects to generate over $100 million in revenue for Paraguay’s national utility over three years.

HIVE Digital Technologies Ltd. has commenced construction of a 100-megawatt (MW) hydroelectric-powered Bitcoin mining facility in Paraguay. Recent aerial images shared by Documenting Bitcoin show the site’s early development stages.

READ ALSO

HIVE Digital to Launch Canadian AI Data Hub With 7.2 MW Toronto Site Purchase

HIVE Acquires 7.2MW Toronto Data Center to Expand AI Infrastructure

Expansion Plans and Revenue Projections

HIVE Digital Technologies has projected an expansion of its mining capacity with the new site in Paraguay. The company expects to increase its Bitcoin mining hashrate by 6.5 exahashes per second (EH/s), raising its total hashrate to 12.1 EH/s.

This initiative follows meetings with Paraguayan President Santiago Peña and his cabinet last year. The company anticipates generating over $100 million in revenue for Paraguay’s national utility over three years.

Tracking the current market trajectory, The Bitcoin network’s total hash rate reached 767.53 million TH/s on February 27, 2025. The market price moved above $90,000 as the hash rate trended higher.

The hash rate increased significantly over the past year, aligning with price movements. Bitcoin’s market price fluctuated while the hash rate remained elevated, reflecting network activity and computational power expansion.

The facility will utilize hydroelectric power from the Itaipu Dam, supporting Paraguay’s surplus energy utilization. The company plans to integrate its experience in grid balancing and demand response to optimize energy use.

See also  Jack Dorsey’s Block Bets Big on Bitcoin Mining 

Equipment Upgrades and Future Operations

HIVE Digital Technologies has also announced the purchase of 500 Bitmain S21 Pro Antminers. These machines offer a hashrate of 234 terahashes per second (TH/s) with an efficiency of 15 joules per terahash (J/TH).

The company expects the equipment to be delivered within the month, increasing its total operational hashrate to 5.6 EH/s. The site development remains subject to final agreements, due diligence, and regulatory approvals.

Tags: beginsBitcoinConstructiondigitalHIVEParaguayTechnologies

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