Hive Digital Doubles Down on Bitcoin Mining with Paraguay Expansion

Hive Digital Technologies has embarked on a significant expansion of its Bitcoin mining operations in Latin America. The company recently completed the first phase of its 100-megawatt facility in Yguazú, Paraguay, marking a strategic move to increase its capacity and reach. This expansion follows Hive’s acquisition of Bitfarms’ facilities for $56 million earlier this year, which has already fueled a substantial increase in mining power.