HIVE Digital Technologies (TSE:HIVE) has released an update.
HIVE Digital Technologies Ltd. is expanding its operations by constructing a 100 MW hydroelectric-powered data center in Paraguay, aiming to double its revenue and push its global mining hashrate beyond 12 Exahash. This strategic move is set to bolster the local economy through job creation and stable income generation, while aligning with the company’s commitment to environmentally sustainable Bitcoin mining. The initiative underscores HIVE’s growth strategy and dedication to leveraging renewable energy sources, which sets it apart from its industry peers.
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