Bitcoin miner HIVE Digital’s shares jump 2% as it completes 100 MW site in Paraguay

The Canadian Bitcoin extraction company, Hive Digital, has completed its flagship ease in Paraguay, aimed at reaching 25 eh / s by fall 2025.

Hive Digital Shares Engendered 2% on pre-commercial exchanges on April 21 under the name of Canadian Bitcoin (BTC) Mining Company announced the completion of phase 1 infrastructure in its installation of 100 megawatts in Paraguay. In a Sunday press releaseHive Digital said that its Yguazù site is now fully energized and equipped, with the ability to accommodate 5 exams per second for ASIC minors.

Hive already performs 200 ph / s of hashrate using her internal buzz minors and expects 8,000 units to be online by the end of April. The initial deliveries of Bitmain S21 + minors began to arrive, with more than 20,000 units expected before the end of May, the press release said.

“As of March 31, we obtained deposits for 4.3 eh / s from Bitmain S21 +minors, funded by the disciplined management of the treasury. Our financial exercise marked a strategic pivot – no debt, just an intelligent execution. Our extent of 6.5 eh / s to 11.5 eh / s was paid and we go quickly. ”

Aydin Kilic, CEO of Hive Digital

At the end of Q2, Hive aims to switch to Paraguay and 11.5 eh / s in the world. As Hive Digital’s Operation Chief says Luke Rossy, the company aims to reach 25 EH / S in the fall of 2025, producing more than 12 BTC per day.

With the completion of construction, Hive Digital also announced a new rental, Carlos A. Torres Pérez, as operations and project manager in Paraguay. Hive Digital says that Paraguay has “talent, energy and vision” to direct the mining market for cryptography, the Canadian mining giant saying that he “recognized this”.