Hive Digital, the famous mining company from Canada, has just announced plans for a large-scale expansion in Paraguay with the acquisition of 13,480 new Bitcoin mining machines.
Project details
• Investment scale: The deal is worth over 60 million USD aimed at achieving a mining capacity of 4.3 exahash/second (EH/s), accounting for 2% of the global Bitcoin network.
• Long-term goal: Hive has the option to purchase an additional 4.3 EH/s and aims to reach a mining capacity of 15 EH/s by the summer of 2025.