Digital Hive has accomplished the second part of growth for its mining website in Yguazú, Paraguay, reporting a rise in its hashrate to 18 EH/s. Luke Rossy, Hive’s COO, emphasised that this purpose was achieved in document time, with the corporate getting into Paraguay in June 2024.
Hive Digital Thrives in Paraguay, Reaches Bitcoin Mining Milestone in Report Time
Hive Digital, a blockchain and synthetic intelligence (AI) infrastructure knowledge middle operator, reported the completion of the second part of its bitcoin mining website at Yguazú, Paraguay. In a current press launch, Hive Digital acknowledged 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 vitality coming from the Itaipu dam, one of many largest of its sort.
Hive pressured that the targets established for the Yguazú website had been reached sooner than anticipated by the corporate, though that is the biggest set up operated by the group.
Hive Yguazú’s website bitcoin mining operation is powered by Bitmain S21+ Hydro ASIC miners, which reap the benefits of superior water-based cooling strategies.
As well as, Hive Digital reported that work on the third part of its Valenzuela website, 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 great place to achieve its purpose 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 issue numbers.
“Our focus stays unwavering: ship robust and sustainable efficiency, drive sector-leading effectivity by means 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 bolstered the relevance of Paraguay’s operations for the corporate’s enlargement, specifying that it will improve manufacturing by 400% on the time.
Learn extra: Hive Digital Doubles Down on Paraguay Bitcoin Mining Growth
Learn extra: HIVE’s Hashrate Hits 16 EH/s as Bitcoin Mining Growth Accelerates
