HIVE Digital Technologies has announced a significant expansion of its Bitcoin mining infrastructure through the acquisition of a 200 MW facility in Yguazú, Paraguay from Bitfarms. This strategic move is part of the company’s ambitious plan to increase its global hashrate from 6 EH/s to 25 EH/s by September 2025, representing a potential 317% growth.
The acquisition builds upon HIVE’s existing presence in Paraguay, where the company previously established a 100 MW facility. Paraguay’s attractive mining environment, characterized by abundant renewable hydroelectric energy and a crypto-friendly regulatory framework, makes it an ideal location for Bitcoin mining operations.
In 2024, HIVE demonstrated strong performance, mining 1,772 Bitcoin and growing its Bitcoin holdings to 2,805, representing a 65% year-over-year increase. The company aims to further capitalize on the bullish cryptocurrency market by quadrupling its hash rate capacity in 2025.
The United States, where HIVE is now headquartered in San Antonio, Texas, continues to lead global Bitcoin mining, contributing over 40% of the global hashrate. HIVE’s expansion strategy seeks to capture approximately 3% of the global Bitcoin network.
Beyond expansion, HIVE emphasizes operational efficiency, targeting a remarkable 16.5 joules per terahash (J/TH) in miner fleet efficiency. The company believes its lean team structure could generate $20 million in revenue per employee annually, potentially surpassing revenue-per-employee metrics of tech giants like Apple and Nvidia.
With a target of 430 MW capacity by Q3 2025 and an annual revenue goal of $500 million, HIVE Digital Technologies is positioning itself as a significant player in the global Bitcoin mining landscape. The company’s strategic approach combines technological innovation, sustainable energy utilization, and aggressive growth planning.
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