By the end of May, Hive hopes to have “more than 20,000” Asic Buzz Miners and S21+ of Bitmain.
Paraguay attracts miners for its large hydroelectric energy flow.
The Canadian company Hive Digital Technologies (HIVE) has completed the construction and energization of the first phase of 100 megawatts (MW) in its Bitcoin Mining Center (BTC) in Yguazú, Paraguay, according to a company statement.
That facilityfed by hydroelectric energy, operates with a combination of its own ASIC equipment Buzz Minersinternally designed, together with Bitmain S21+ models of air cooling. According to information, More than 20,000 of these machines They would be operational in that location before Mayo ends.
Although the place HASHRATE INDEX estimates that the processing power (or hashrate) contributed to the Bitcoin network by Hive is 5 eh/s (exahasos per second), the company ensures that its current capacity reaches 7.3 eh/safter the end of the first phase in the South American country. In addition, Hive maintains operations in Sweden and Canada.
Paraguay, between geographical facilities and illegal miners
The arrival of Hive in Paraguay began in July 2024 and materialized with the acquisition of a center that belonged to another industrial mining company, Bitfarms (Bitf), and the subsequent purchase of 6,500 ASIC of Canaan.
In addition to this, a manager recently assured cryptootics that “Paraguay is the country of the region that offers more facilities for Bitcoin mining,” product of the Great hydroelectric energy flow especially from the Itaipú dam, which he shares with Brazil.
For his part, Frank Holmes, co -founder and executive president of HIVE, He emphasized The importance of the end of the first phase in Paraguay: “This expansion gives us a strategic advantage to climb production using clean hydroelectric energy.”
The choice of that country as the basis of operations is not accidental. The Itaipú dam, located near the Yguazú River, a river near the homonymous city where the HIVE facilities are located, offers a Stable and low -cost electricity source Thanks to its production of hydroelectric energy.
This energy is ideal for Bitcoin mining, which requires intensive energy consumption, allowing Hive to operate more sustainably, reducing costs, while maximizing profitability.
However, as Cryptonoticia also notified it, although Bitcoin mining, the country in Paraguay, is not prohibited Continue with the hunting of miners that usufruct the energy illegally to deploy it on their equipment.
Hive advances with the “phase 2” in Paraguay
The second phase of the project in Yguazú de Hive focuses on the implementation of the ASIC Bitmain S21+ Hydro, which use a water cooling system to optimize performance and reduce energy consumption. These devices have a 319 TH/S hash rate (Terahasos per second) and consume almost 4,800 watts, according to Whattomine.
More than 13,400 of these units, capable of generating a computational power estimated by the company of 4.3 EH/s, have already been sent to the site, and the full phase is expected to provide additional 6.5 EH/s. With this, according to the HIVE report, this company plans to reach a global hashrate of 18 eh/s for “end of summer” (August/September), a jump that would almost triple its current capacity.
Aydin Kilic, president and executive director of Hive, highlighted Progress: “Bitmain Hydro Antspace containers for our phase 2 infrastructure in Yguazú have already been sent and are expected to arrive in early June.”
Ultimately, from Hive they hope to produce six bitcoins per day by the end of June, almost doubleing the daily average of April. However, Holmes also pointed out possible challenges: “We remain attentive, since the challenges in the global supply chain and commercial tensions by tariffs could generate disruptions.”
