The bitcoin mining company completes the first phase of its 100 MW project at the Yguazù site, targeting 5 EH/s of capacity.
On April 20, bitcoin mining company Hive Digital Technologies Ltd announced the completion of Phase 1 of infrastructure development at its main facility in Yguazù, Paraguay.
The first phase of the project includes a 100-megawatt air-cooled data center, supported by a fully operational 200-megawatt substation. This infrastructure is designed to support up to 5 exahashes per second (EH/s) of next-generation ASIC mining capacity. The site was originally developed by Bitfarms and was acquired by Hive earlier this year.
The company is currently operating with 200 petahashes per second (PH/s) of hashrate at the site using its proprietary Buzz Miners, with plans to expand to 8,000 operational units by the end of April.
Alongside the infrastructure expansion, Hive has appointed Carlos Anibal Torres as the new Operations & Project Manager for Paraguay. The appointment comes as the company accelerates its growth efforts in the region, aiming to strengthen its presence in South America.
The site has already begun receiving shipments of next-generation ASIC miners, including Bitmain S21+ units, with more than 20,000 devices expected to arrive by the end of May. Hive aims to reach 5 EH/s in Paraguay and a combined total of 11.5 EH/s across all operations by the end of Q2 2025.
Luke Rossy, Chief Operating Officer of Hive, stated:
“We are executing with conviction. We aim to reach 25 EH/s by Fall 2025, producing over 12 Bitcoins daily at current difficulty levels. With our Paraguay site energized and racking underway, HIVE is positioned for a transformative year of growth.”
Aydin Kilic, President and CEO of Hive, added:
“As of March 31, we secured deposits for 4.3 EH/s of Bitmain S21+ miners, funded through disciplined treasury management.”
This past January, the company revealed it had reached an operational hashrate of 6.0 exahashes per second (EH/s), a 47% increase from the 4.08 EH/s recorded as of December 31, 2023.
