Hive Completes Second Phase of Paraguay Cryptomine

Data center infrastructure and technology firm, Hive Digital, has announced the completion of the second phase of development at its cryptomine in Paraguay ahead of schedule. With the completion of Phase II at the Yguazú site in Paraguay, Hive states that it has a total global hashrate of 18 EH/s.

"While our 200MW Yguazú site is the largest Bitcoin mining facility HIVE has constructed, it has done so in record time," said Luke Rossy, COO of Hive.

Kilic said: “Hive is one of the few companies in the world operating with a dual business model, in Bitcoin mining and also AI Cloud computing powered by GPUs in our HPC data centers. At Hive, we are focused on creating enduring value through disciplined growth, operational excellence, and a dual-engine model that puts us at the forefront of digital infrastructure and next-generation finance.”