Several crypto-focused organizations, including Bitcoin mining companies, are considering a return to the US due to geopolitical tensions. However, Hive Digital Technologies is focusing on the untapped potential of the Latin American market, particularly in Paraguay. The company acquired a 200 MW facility in Yguazú and plans to expand to 300 MW by 2025. Despite concerns about a proposed ban on crypto mining in Paraguay, Hive is working with policymakers to ensure clarity in mining legislation. The company is also diversifying sourcing channels for mining equipment to mitigate risks. Hive's CEO emphasized the importance of controlling operational expenses and maximizing energy efficiency to drive profits. With a growing presence in North and South America, Hive aims to create a balanced footprint resilient to geopolitical shocks. Read more AI-generated news on: https://app.chaingpt.org/news

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