HIVE Digital Technologies (TSE:HIVE) has released an update.
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HIVE Digital Technologies Ltd. has finalized agreements to develop a 100 MW digital asset mining operation in Paraguay, aiming to double its Bitcoin mining capacity to 12.1 Exahash per second. Despite facing a potential 14% energy tariff hike and policy instability in Paraguay, HIVE is adjusting its investment strategy while advocating for stable fiscal policies to ensure the continuation of its global expansion in sustainable cryptocurrency mining. The company’s commitment to green energy and economic growth in Paraguay is part of its broader vision to lead in environmentally responsible digital asset mining.
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