Hive Blockchain Expands into Paraguay: Boosting Mining Capacity & Economic Opportunities

Hive Blockchain is significantly growing its mining operations by entering Paraguay. This strategic move increases their global capacity, impacts local energy markets, and influences cryptocurrency trends globally. The company aims to diversify its risk profile and leverage the country’s abundant hydroelectric power resources for efficient production. 6 EH/s will be expanded to 25 EH/s by 2025. This expansion demonstrates a trend of mining companies seeking renewable energy sources in Latin America, potentially influencing global cryptocurrency supply stability due to lower energy costs.