Hive Digital Applied sciences (Nasdaq: Hive) has accomplished the acquisition of the set up of 200 Yguazú megawatts that feeds in Paraguay. The measure will improve the corporate’s mining capability by 317% of 6 exahasos per second (EH/s) to 25 EH/s projected by September 2025.
One among Bitcoin’s miners (BTC) of Wall Avenue continues its enlargement regardless of this 12 months’s BTC costs. The cryptocurrency has decreased by 25% of its historic maximums in January and is at present testing its decrease ranges in additional than 4 months.
The acquisition of $ 56 million strengthens Hive’s place within the sustainable blockchain infrastructure sector, increasing its international operational footprint at 430 MW in Paraguay, Canada, and Sweden for the third quarter of 2025. With this settlement, Hive will management 300 MW of mining infrastructure solely in Paraguay in Parguay, together with its undertaking 100 MW in Valenzuele.
Frank Holmes, government president of Hive
“This acquisition demonstrates our strategic method to excessive development sustainable enlargement,” stated Frank Holmes, government president of Hive. “Climbing our 3% of the worldwide community in September 2025, fully pushed by inexperienced vitality, is a major achievement.”
The Yguazú set up will happen in two phases, and it’s anticipated that part one will likely be accomplished earlier than April 1, including roughly 6 eh/s hashrate. The development is already full at 80%. The second part, projected for completion earlier than August 31, will contribute to six.5 eh/s further utilizing HD Asics Obrolyed Parades for higher effectivity.
You may additionally prefer it: Wall Avenue BTC Miner Hive Posts $ 29.2m Earnings as Bitcoin Holdings High $ 260m
Why is Bitcoin’s worth down?
Regardless of the difficult instances, Hive continues to be targeted on enlargement, with out flinching as a result of fall in Bitcoin costs and the rise in mining issue, which have considerably pressed the revenue margins.
As of March 18, 2025, Bitcoin is traded at $ 82,500 per BTC, 25% lower than two months in the past. On Tuesday, the value fell by 1.8%, across the degree of psychological assist of $ 80,000 and marking a minimal of 4 months.
In February, BTC fell by 18%, negatively impacting HIVE manufacturing. Final month, the miner extracted 89 BTC, beneath 102 BTC within the earlier month. Based on the corporate, it’s at present reassessing its sources to tasks geared toward growing its hashratate
Bitmain S21+ Hydro Asics
Aydin Kilic, president and CEO of Hive
Hive has assured Asic for 15 EH/s of working hashrate, together with its put in capability of 6.5 eh/s current and an order of 8.6 eh/s of Bitmain S21+ Hydro Asics introduced final November. The corporate plans to announce further ASIC acquisitions within the coming months to realize its goal of 25 eh/s, with the purpose of reaching effectivity all through the fleet of 16.5 joules by Terahash.
“Our precedence is to offer worth to shareholders whereas encouraging sustainable native development,” stated Aydin Kilic, president and CEO of Hive. “This acquisition permits us to quadruple our capability whereas sustaining some of the environment friendly operations within the trade.”
The settlement contains the property of a 240 MVA substation with 200 MW capability, extra lands and related services. Hive paid $ 25 million on the closure, with the remaining $ 31 million to pay in equal installments for six months. The corporate estimates that the whole web prices to finish the location at 200 MW will likely be $ 400,000 per MW.
Hive is delighted to announce the closure of its acquisition of the 200 MW hydroelectric set up in Paraguay.
This strategic enlargement marks a 317% improve in mining capability, selling the hive of 6 eh/s immediately at 25 eh/s projected for September 2025. Pic.twitter.com/udgdiavndu
– HIVE Digital Applied sciences (@hivedigitaltech) March 18, 2025
New president of the nation in Paraguay
This enlargement coincides with the appointment of Hive of Gabriel Lamas as president of the nation of Paraguay, introduced a day earlier than. Lamas, {an electrical} engineer with greater than 20 years of infrastructure expertise and vitality tasks, beforehand served as Director of Infrastructure and LATAM operations in Bitfarms Ltd. and held positions with the nationwide utility of Paraguay, Ande.
“As we turn into the most important non-public electrical energy shopper in Ande, Hive will play an important position within the technology of a continuing revenue circulate known as US {dollars} for the federal government,” Holmes stated concerning the appointment of Lamas.
Final month, Bitcoin’s miner of Wall Avenue additionally employed Craig Tavares as president and operations director of his Buzz HPC division, which focuses on the companies of Cloud GPU and excessive efficiency pc science (HPC).
The secure regulatory setting of Paraguay, low -cost hydroelectric energy and aggressive working prices make it an excellent location for Hive’s enlargement technique, positioning the corporate as a dominant drive in excessive -performance computing in Latin America.
