HIVE Digital Technologies Ltd. (CVE: HIVE) (NASDAQ: HIVE) (FSE: YO0) has laid the groundwork for future expansion by completing the first phase of its infrastructure build at its flagship Yguazu facility in Paraguay.
The addition includes a 100 megawatt air-cooled data centre which is powered by a 200-megawatt substation, according to a Tuesday press release. The company has also welcomed Carlos Anibal Torres as its new new operations manager.
Torres Perez is an accomplished engineer with over 15 years of experience in large-scale infrastructure and energy systems. He holds degrees in electronic and civil engineering. He has led digital transformation initiatives and energy deployment projects across Paraguay. His work includes industrial-scale mining sites, smart grid infrastructure, and advanced electrical systems.
He sees the project as more than a buildout—it’s the groundwork for a digital future. Additionally, as operations project manager, he is focused on setting new benchmarks and delivering clear, measurable results.
“This is the moment to move fast, think boldly and execute with precision. Paraguay has the talent, energy and vision to lead, and Hive recognized that,” said Perez.
Hive has completed construction and energized the 100-megawatt Phase 1 infrastructure at its Yguazu site in Paraguay. This phase enables capacity for five exahashes per second of next-generation ASIC miners.
Furthermore, the company is currently operating 200 petahashes of hash rate at the site using its proprietary Buzz miners. Hive Digital expects to have 8,000 Buzz miners online by the end of April.
New-generation ASICs, including Bitmain S21+ units, have started arriving. The company expects over 20,000 units to arrive before the end of May.
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Hive Digital has moved onto racking and energizing machines
Hive plans to scale to five EH/s in Paraguay. It targets a total hash rate of 11.5 EH/s across all operations by the end of the second quarter in 2025.
“We are executing with conviction. We aim to reach 25 EH/s by fall 2025, producing over 12 bitcoins daily at current difficulty levels,” said Luke Rossy, chief operating officer of Hive.
“With our Paraguay site energized and racking under way, Hive is positioned for a transformative year of growth.”
The company has also now moved onto the process of racking and energizing machines.
Paraguay represents an ideal location for Hive’s expansion due to its abundant supply of low-cost, renewable energy—primarily hydroelectric power from the Itaipú and Yacyretá dams. This clean, consistent energy source significantly reduces operational costs and supports Hive’s commitment to sustainable mining. With energy representing the largest expense in Bitcoin mining, access to inexpensive hydro power gives Hive a critical competitive edge.
Bitcoin mining remains costly for two main reasons: the high energy required to validate transactions and earn each coin, and the heat generated by powerful ASIC machines, which demand constant cooling. These challenges drive up the average cost per mined Bitcoin and strain infrastructure, especially in warmer climates with expensive electricity.
Hive has addressed both problems through its strategic presence in Paraguay. By locating operations near renewable energy sources, the company keeps power costs low while minimizing its carbon footprint. In addition, Hive’s custom-built Buzz miners and optimized site infrastructure enhance efficiency and cooling. The Yguazu facility’s modern design, combined with favorable climate conditions and local expertise, allows Hive to operate at scale without sacrificing performance or sustainability.
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