HIVE Digital Technologies Ltd., a leader in sustainable data center infrastructure, has announced the completion of its 100 MW Phase 1 facility in Paraguay. This site includes a fully operational 200 MW substation and aims to scale its mining operations significantly. The company has started operating 200 petahashes of hashrate and plans to expand to 5 exahash per second using next-gen miners. HIVE has also appointed Carlos Anibal Torres as Paraguay’s Operations & Project Manager to support this growth. With new miner shipments expected soon, HIVE is positioned to enhance its Bitcoin production and drive forward in the evolving digital asset Market. For more details, visit hivedigitaltech.com.
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HIVE Digital Technologies Completes Phase 1 of Paraguay Data Center
HIVE Digital Technologies Ltd. has made significant strides in its latest project, proudly announcing the completion of Phase 1 of its Yguazù facility in Paraguay. This air-cooled data center, boasting a capacity of 100 megawatts (MW), is supported by a fully energized 200 MW substation. This milestone marks a crucial step for HIVE as it continues to expand its sustainable data center operations.
HIVE is a leader in sustainable blockchain and AI infrastructure and aims to meet rising demands in the digital economy. With the completion of this phase, HIVE now has the capability to operate up to 5 exahash per second (EH/s) of next-generation ASIC miners. The company has already activated 200 petahashes of hashrate using its proprietary BUZZ Miners, with plans to have a total of 8,000 BUZZ Miners online soon.
The future looks promising as initial deliveries of the latest ASIC mining units—Bitmain S21+—have started, with over 20,000 units expected by the end of May. The ambitious target is to scale up their total hashrate to 11.5 EH/s across all operations by the end of the second quarter of 2025.
Luke Rossy, HIVE’s Chief Operating Officer, expressed excitement about the company’s growth, saying, “We’re aiming to reach 25 EH/s by Fall 2025, which would produce over 12 Bitcoins daily.” This robust commitment is complemented by the hiring of Carlos Anibal Torres as Paraguay Operations & Project Manager, who brings over 15 years of engineering expertise in large-scale infrastructure.
To foster a collaborative work culture, HIVE is also introducing Restricted Share Units (RSUs) as long-term incentives for employees. This approach is informed by findings from Harvard Business School emphasizing variable incentives to enhance employee retention and drive performance.
As HIVE Digital Technologies Ltd. continues to navigate the evolving landscape of cryptocurrency mining, its dedication to sustainable practices and innovative technology positions it strongly for future growth. With its strategic investments and a commitment to operational excellence, HIVE is setting the foundation for a transformative year ahead.
For more updates, check out HIVE Digital Technologies’ social channels, including Instagram and LinkedIn.
Keywords: HIVE Digital Technologies, data center, Paraguay, cryptocurrency mining, ASIC miners.
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FAQ
What does HIVE Digital Technologies do in Paraguay?
HIVE Digital Technologies focuses on building digital infrastructure. They recently finished a 100 MW power facility in Paraguay, which will help support their operations and other digital services in the region.
Why is the 100 MW infrastructure important?
This infrastructure is crucial because it provides reliable power for digital technologies. It enhances efficiency and supports HIVE’s growth plans in Paraguay, allowing them to offer better services.
What does 100% completion mean for HIVE?
The 100% completion means that the power infrastructure is fully built and operational. This achievement enables HIVE to move forward with its business plans and expand its impact in the digital technology sector.
Who is the new hire at HIVE Digital Technologies?
The announcement also included a strategic operational hire. This new team member will help manage and enhance HIVE’s operations, ensuring they run smoothly as the company grows in Paraguay and beyond.
How does this development affect the local economy?
HIVE’s completion of the 100 MW facility is likely to create job opportunities and boost the local economy. As HIVE expands its operations, it will contribute to the region’s growth in technology and infrastructure.
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