News Explorer — Hive Digital Plans to Mine Bitcoin in Paraguay

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Jul 22, 9:29 pm

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Hive Digital Plans to Mine Bitcoin in Paraguay

Canadian mining giant Hive Digital plans to open a Bitcoin operation in Paraguay, adding 6.5 exahashes per second to their mining operations. The operation will use green energy from the Itaipu hydroelectric dam and is expected to generate over $100 million in revenue for state power company Ande. Paraguay has become an attractive country for crypto businesses due to its cheap and green electricity.

Canadian mining giant Hive Digital plans to open a Bitcoin operation in Paraguay, adding 6.5 exahashes per second to their mining operations. The operation will use green energy from the Itaipu hydroelectric dam and is expected to generate over $100 million in revenue for state power company Ande. Paraguay has become an attractive country for crypto businesses due to its cheap and green electricity.

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