HIVE Digital Technologies (NASDAQ:HIVE) is setting a tone of robust expansion for this year. The company, which is in the midst of relocating its headquarters from Vancouver, Canada to San Antonio, Texas, focuses on two white-hot market segments; high-performance computing (HPC) and Bitcoin mining. Now, HIVE reports it has significantly bolstered its global footprint by scooping up a 200 MW facility located in Yguazú, Paraguay from Bitfarms.
Last year, HIVE mined 1,772 Bitcoin in a bullish environment in which the BTC price went well past the $100,000 threshold for the first time in history. HIVE’s Bitcoin holdings grew to 2,805 as of the end of 2024, reflecting 65% year-over-year growth.
With their latest Paraguay expansion, HIVE Digital Technologies says it is positioning itself for explosive growth, targeting 25 EH/s by September 2025. The United States, where HIVE Digital Technologies is now based, has been leading the way in BTC mining, comprising more than 40% of the global Bitcoin mining hashrate amid regulatory tailwinds in states such as Texas.
Bitcoin mining has become increasingly competitive as the global hashrate continues to soar. In response, HIVE plans to quadruple its hash rate capacity in …
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