Hive Digital Technologya Canadian company specializing in Bitcoin mining, has decided to invest heavily. latin americaidentifying Paraguay as a strategic partner over the long term.
According to what has been stated by Aydin KillickHive’s president and CEO, Paraguay represents the ideal combination. Geopolitical stability, Low-cost hydroelectric energyand Openness to foreign investment.
In an interview, Killick highlighted how the company’s goals are not temporary rulings. Durable collaboration With the country of South America.
Bitcoin mining new frontier: Paraguay at the heart of Hive’s strategy
In January, the Hive made a significant strategic move by acquiring the 200 megawatt (MW) facility. Iguasu for $56 millionIt was previously owned by the company Bitfarms.
The first phase of the project. 100 MW data centerIt was completed in April.
The center is already working and supports a capacity of 5 exer hash (EH/S) per second using ASIC (application-specific integrated circuit) for Bitcoin mining.
The company has ambitious plans for the future: By 2025, the Hive aims to reach the capabilities of 300 MW In Paraguay and brings its total hashrate 25 eh/s By September.
A central element of the Hive strategy is integration with local economic and social fabrics.
Killick explained that the company spent more than a year building Solid relationships with Paraguayan stakeholders,investment Local employment, Training Programand Partnership with local suppliers.
The purpose is to create a Local Support Ecosystem This allows for improved efficiency and operational continuity at the same time while keeping operational costs low.
Despite several legislative proposals aimed at limiting the mining of Paraguay’s cryptocurrency, the Hive is actively involved due to the risk of rising electricity supply and energy prices Dialogue with policy makers.
The company wants to contribute A clear, joint regulatory frameworkpromoting both technological development and energy sustainability.
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Future preparation: technology, energy, human capital
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In any case, the hive is not limited to Paraguay. The company already has it Active data centres in Canada and Swedenand is currently relocating its headquarters. San Antonio, Texas.
This expansion across multiple continents is part of Geographical diversification Strategies designed to protect your company from potential Geopolitical shocks or changes in trade policy.
A specific example of this note is Tariffs imposed by the US in Chinahas increased the costs of equipment for mining, especially ASICs.
To avoid dependencies on a single region, Hive has Diversified supply channels Both ASIC and electrical components.
25 To achieve the target of eh/s, the hive has already been ASIC important orders securedI’ve entered Long-term energy purchase agreementand expanded Engineering ability across three continents.
This approach allows the company to face technology and markets Uncertainty It has greater resilience.
Killick explained that Profitability of Bitcoin Mining Finally, Physical matter.
Capital and operating expenses should be assessed based on hashrate, seeking the most efficient way to fund activities BTC Financial Management and Sales via ATM.
According to Kilic, even small miners can achieve positive results if they focus on Controllable variables.
Whether it’s a single installation or a few thousand machines, what matters is Optimizing operational costs, Maximize energy efficiencyand Minimize downtime.
Discipline Financial Management It is another important factor in ensuring sustainability and growth of your activities.
Replicatable models for the future of mining
The selection of Paraguay by the Hive represents a concrete example of how to do this. Bitcoin mining could evolve Sustainable, integrated with the local economy and leverage Renewable and low-cost energy sources.
In sectors that are often criticised for their environmental impact, hives show that they can be combined Technological innovation, Social Responsibilityand Global Strategic Vision.
With an increasingly solid presence in Latin America, North Americaand EuropeHive has established itself as one of the most dynamic and advance players in cryptocurrency mining situations.
Paraguay has its natural resources and openness to investment, Energy and Technology Hub The whole of the Ratham region. And the hive is ready to lead this transformation.
