Digital Hive has accomplished the second section of growth for its mining web site in Yguazú, Paraguay, reporting a rise in its hashrate to 18 EH/s. Luke Rossy, Hive’s COO, emphasised that this objective was achieved in document time, with the corporate coming into Paraguay in June 2024.
Hive Digital Thrives in Paraguay, Reaches Bitcoin Mining Milestone in Document Time
Hive Digital, a blockchain and synthetic intelligence (AI) infrastructure information middle operator, reported the completion of the second section of its bitcoin mining web site at Yguazú, Paraguay. In a latest press launch, Hive Digital said that it had reached a mining hashrate of 18 EH/s, permitting it to mine over 8.5 BTC per day.
The corporate highlighted that the entire operation, comprising 200MW, is powered by hydroelectric power coming from the Itaipu dam, one of many largest of its type.
Hive pressured that the targets established for the Yguazú web site had been reached quicker than anticipated by the corporate, although that is the most important set up operated by the group.
Hive Yguazú’s web site bitcoin mining operation is powered by Bitmain S21+ Hydro ASIC miners, which make the most of superior water-based cooling strategies.
As well as, Hive Digital reported that work on the third section of its Valenzuela web site, one other set up, was in a complicated state, with miners having lately shipped to the placement and the 100MW already prepared for utilization.
This places Hive Digital in a very good place to achieve its objective of breaking the 25 EH/s hashrate mark by Thanksgiving, permitting the corporate to mine an estimated 12 BTC day by day based mostly on present problem numbers.
“Our focus stays unwavering: ship sturdy and sustainable efficiency, drive sector-leading effectivity by way of superior capital returns and low G&A bills, and create lasting worth for our shareholders as we proceed constructing resilient, decentralized Bitcoin infrastructure,” mentioned Darcy Daubaras, Hive Digital’s CFO.
In March, Hive Government Chairman Frank Holmes strengthened the relevance of Paraguay’s operations for the corporate’s growth, specifying that it might enhance manufacturing by 400% on the time.
Learn extra: Hive Digital Doubles Down on Paraguay Bitcoin Mining Enlargement
Learn extra: HIVE’s Hashrate Hits 16 EH/s as Bitcoin Mining Enlargement Accelerates
