HIVE Blockchain Technologies (TSE:HIVE) has released an update.
HIVE Digital Technologies Ltd. has announced its significant expansion with the construction of a 100 MW hydroelectric-powered data center in Paraguay, aiming to double its revenue and achieve over 12 Exahash in hashrate within the next year. The new facility is expected to bolster the company’s Bitcoin mining capabilities, support the local economy through job creation, and strengthen financial stability with U.S. dollar revenue for Paraguay’s government. HIVE emphasizes its commitment to sustainable mining practices by leveraging renewable energy sources.
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