Hive Digital completes 100MW Bitcoin data center in Paraguay

Information middle infrastructure agency, Hive Digital, has introduced the completion of its 100MW Bitcoin mining information middle in Yguazù, Paraguay.

The Yguazù web site is presently pulling 200 PHps from Hive’s proprietary buzz miners, with 8,000 of the machines set to go surfing by the tip of the month. The agency additionally expects to take supply of Bitmain’s devoted S21+ Bitcoin mining rigs on the identical time.

“We purpose to achieve 25 EHps by Fall 2025, producing over 12 Bitcoins every day at present issue ranges. With our Paraguay web site energized and racking underway, Hive is positioned for a transformative 12 months of progress,” mentioned Luke Rossy, chief working officer of Hive.

“As of March 31, we secured deposits for 4.3 EHps of Bitmain S21+ miners, funded by disciplined treasury administration. Our fiscal year-end marked a strategic pivot — no debt, simply good execution. Our growth from 6.5 EHps to 11.5 EHps has been paid and we’re transferring quick,” added Aydin Kilic, president & CEO of Hive.

In response to the agency’s March manufacturing outcomes, the partly energized Yguazù web site mined 108 Bitcoins throughout March alone. The agency’s whole Bitcoin holdings stand at 2,201 BTC, price roughly $180 million based mostly on current costs.

Hive acquired the in-development Yguazù web site from Bitfarms in January in a deal price $56 million. The location can reportedly attain 200MW, with the second 100MW section because of launch later this 12 months.

With the Yguazù web site now underway, Hive’s world crypto mining footprint is ready to broaden to 430MW, with websites positioned in Paraguay, Canada, and Sweden.

The corporate is individually growing another 100MW site in Paraguay, in Valenzuela, within the district of Cordillera. That facility can also be because of go stay later within the 12 months.

Hive additionally introduced the addition of a brand new staff member: operations and challenge supervisor, Carlos A. Torres Pérez, who brings 15 years of expertise in large-scale infrastructure and power programs.

Torres “brings the operational depth we’d like as we scale in Paraguay alongside our native staff led by Gabriel Lamas, our nation operations president,” mentioned Rossy.

Like many different cryptomining companies, Hive additionally has its personal GPU cloud providing, referred to as Buzz, that gives entry to Nvidia H100s, A6000s, A5000s, A40s, and H200s. Its cloud presently totals 2.2MW of capability throughout Stockholm, Sweden (800kW) and Montreal, Canada (1.4MW).

Hive was based and went public in 2017. In Canada, Hive presently has a 30MW operation in Lachute, Quebec, and a 70MW site in New Brunswick. The Lachute web site reportedly makes use of its waste warmth to heat a 200,000 sq ft manufacturing unit making swimming swimming pools.

The corporate additionally operates a 32MW site in Boden, Sweden, and can quickly warmth a 90,000 sq ft greenhouse rising tomatoes and cucumbers.

The crypto agency beforehand had round 10MW in operation in Iceland. Nonetheless, based on SEC filings, the corporate cancelled its contracts at services in Blonduos and Keflavik in January and November 2024, respectively.

It beforehand had plans to launch a web site in Norway, however these had been dropped in 2021.