HIVE Expands Bitcoin Mining with Itaipú Hydropower in Paraguay

HIVE Digital Technologies is expanding its Bitcoin mining capabilities in Paraguay, utilizing hydropower from the Itaipú Dam, aiming for 35 EH/s by 2026.

This expansion enhances Paraguay's role as a regional leader in clean energy and reinforces HIVE's position in Bitcoin mining.

HIVE Leverages Itaipú Dam's 100 MW for Expansion

HIVE Digital Technologies announced the expansion of its Bitcoin mining operations at its Yguazú site, set to use hydropower from the Itaipú Dam. The new facility will be operational by 2026.

The expansion, led by Frank Holmes, leverages 100 MW of additional power, increasing the global mining target to 35 EH/s. With infrastructure in place, HIVE's commitment to green energy-powered blockchain infrastructure is evident.

Paraguay to Capture 3% Global BTC Network Share by 2025

The initiative is poised to bolster Paraguay's reputation in clean energy innovations. Frank Holmes emphasized that advances have scaled Bitcoin mining targets significantly, projecting the global network share to 3% by 2025.

Financially, HIVE maintains predictability in hydro power costs and investment efficiency, crucial for increasing daily BTC production. This approach positions HIVE advantageously amid growing environmental and economic concerns.

HIVE's 200 MW Yguazú Expansion Drives Success

HIVE's expansion strategy builds on previous successes, like its 200 MW capacity increase in Yguazú in 2025, which led to substantial gains in Bitcoin mining proficiency.

Experts consider HIVE's future targets feasible given their adaptive strategies by deploying advanced ASIC technologies. These moves highlight a consistent pattern of scaling operations effectively and sustainably.