Hive Digital Technologies has significantly increased its Bitcoin mining operations in Paraguay, raising its daily output from 3 to 10 BTC. Executive Chairman Frank Holmes announced the expansion, emphasizing the company's commitment to growth despite current market volatility. Hive is capitalizing on Paraguay's affordable hydroelectric power to enhance its Bitcoin mining and high-performance computing (HPC) operations. Holmes highlighted the synergy between the two sectors, noting that Bitcoin mining profits are being used to support HPC expansion. Paraguay's favorable policies and energy surplus are facilitating Hive's development of high-capacity data centers in the region.
Hive Digital Technologies Expands Bitcoin Mining Operations in Paraguay
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