HIVE Digital Technologies Ltd., a leader in sustainable digital infrastructure, has announced key updates for March 2025. The company began mining operations at its new 200 megawatt hydro-powered site in Yguazú, Paraguay, producing 108 Bitcoin that month, raising its total holdings to 2,201 BTC valued around $180 million. HIVE maintained a strong mining efficiency with an average hashrate of 6.3 Exahash per second. As operations in Paraguay ramp up, HIVE aims to quadruple its Bitcoin production capacity to 25 EH/s by the end of 2025. Company executives express pride in their team’s efforts, emphasizing a commitment to green energy and continued growth in the cryptocurrency sector. For more insights, visit HIVE’s official website.
HIVE Digital Technologies Launches Mining Operations in Paraguay
HIVE Digital Technologies Ltd., a global leader in sustainable digital infrastructure, recently announced significant updates related to its operations. On April 7, 2025, the company revealed its production results for March 2025 and shared exciting news about the launch of its mining operations at a new hydro-powered site in Yguazú, Paraguay.
Key Highlights from March 2025
– Bitcoin Production: HIVE successfully mined 108 Bitcoin in March. As of March 31, 2025, the company holds a total of 2,201 BTC, valued at around $180 million based on the prevailing price of Bitcoin.
– Strategic Capital Use: The company saw a slight year-over-year decrease in BTC holdings due to reinvestments into long-term assets, primarily its new green-powered infrastructure in Paraguay.
– Mining Efficiency: HIVE operated with an impressive average hashrate of 6.3 Exahash per second, achieving peak performance that underlines its efficient operations.
Operations Set to Scale
HIVE has officially energized Phase 1 of its 200 megawatt site in Paraguay with an initial production capacity of 100 Petahash. The company aims to gradually increase this capacity over the coming weeks, expanding its mining potential significantly.
Luke Rossy, the Chief Operating Officer of HIVE, expressed pride in the team’s dedication to this project, emphasizing that the successful launch marks a pivotal point in the company’s growth trajectory. More than 65% of the necessary infrastructure at HIVE’s Valenzuela site is also complete, showing the company’s commitment to scaling efficiently.
Looking Ahead
HIVE Digital Technologies is positioning itself for substantial growth, with plans to scale its global mining capacity from about 6 EH/s to an impressive 25 EH/s by the end of 2025. Their disciplined approach to capital investment, combined with cutting-edge equipment, sets the stage for significant expansion in the digital asset mining space.
In conclusion, HIVE Digital Technologies Ltd. is not only making strides in Bitcoin production but also committing to sustainable practices by using green energy for its mining operations. As it continues to grow and innovate, industry stakeholders and investors are watching closely.
For further details, visit hivedigitaltech.com.
What is HIVE Digital Technologies announcing about the Yguazú site?
HIVE Digital Technologies has announced that they have energized the Yguazú site and started its operations. This means that all systems are up and running, and they are ready to produce.
When did operations at the Yguazú site begin?
Operations at the Yguazú site officially began recently. This marks an important step for HIVE as they expand their capabilities in digital technologies.
What production results did HIVE report for March 2025?
In March 2025, HIVE reported strong production results from the Yguazú site. These results indicate that the site is functioning well and contributing significantly to their overall performance.
Why is the Yguazú site important for HIVE?
The Yguazú site is crucial for HIVE as it enhances their operational capacity. It allows them to increase production and meet growing demand in the digital technology Market.
How does this announcement affect HIVE’s future?
This announcement suggests that HIVE is on a positive growth path. The successful start of operations at the Yguazú site indicates they are well positioned to take on more projects and expand their Market presence.
