essential notes
- The enlargement will make the most of electrical energy from Paraguay’s Itaipu Dam, making the location the nation’s largest renewable mining facility by 2026.
- Hive’s international hashrate has soared from 6 EH/s to almost 22 EH/s in 2025 and is on monitor to succeed in 25 EH/s by the top of the 12 months.
- Regardless of the enterprise momentum, Hive’s inventory value fell 3.58% on Oct. 21, after a risky month that noticed it soar 28% in a single day in early October.
Hive Digital Applied sciences has finalized an settlement to construct a 100-megawatt hydroelectric knowledge heart at its Iguazú location in Paraguay, an essential step in its plans to ramp up Bitcoin worldwide. BTC 112 136 {dollars} 24 hour volatility: 1.3% Market capitalization: $2.24 trillion Vol. 24 hours: $9.377 billion Enhance mining capability to 35 Exahash per second (EH/s) by 2026.
The undertaking is an extension of Hive’s present operations within the area, which started with the acquisition of Bitfarms’ enterprise in Paraguay in January 2025. This will increase the overall renewable vitality mining capability on the Paraguayan campus to 400MW, making it the biggest facility of its form within the nation. The brand new part will make the most of electrical energy from Itaipu Dam, which is thought for its low electrical energy prices and minimal carbon footprint.
Enterprise scale and strategic partnerships
In response to an announcement from Hive, the corporate is rising its international Bitcoin mining capability from 6 EH/s initially of 2025 to simply below 22 EH/s as of October, with a goal of 25 EH/s by the top of the 12 months.
Building of the upcoming 100 MW enlargement is predicted to start in early 2026, with full commissioning anticipated to be accomplished within the third quarter of the identical 12 months. In parallel with infrastructure progress, Hive plans to extend its high-performance computing and AI operations by 5x. This pattern began in 2024 as a result of hype round AI.
Associated article: BitMine buys $250 million in Ether, analysts see $4,440
These plans are coupled with strategic collaborations with companions, together with Bell Canada, to strengthen our compute footprint and improve the long-term diversification of our AI workloads.
Impression on native financial system and mining management
Hive’s transfer strengthens Paraguay’s place as a Bitcoin mining hub, highlighting each financial and environmental advantages. The Iguazu website is already producing 8.5 BTC per day, supporting native jobs and funding in group infrastructure.
By leveraging renewable vitality, Hive maintains low working prices and helps preserve profitability as competitors drives up international hashrate. It’s price mentioning that Hive is without doubt one of the few miners that’s investing in rising hashrate, in line with Matthew Sigel, head of analysis at VanEck.
One of many few BTC miners nonetheless rising hashrate. https://t.co/za6WkMU9Tf
— Matthew Siegel, CFA Recovering (@matthew_sigel) October 21, 2025
This transfer has been fueled by the Paraguayan authorities’s stance on cryptocurrency regulation, which exempts using mining vitality from taxes till 2027, offering additional incentives for such investments. This solely applies to regulated mining operations in cryptocurrencies, that are extremely aware of unlawful Bitcoin miners.
Shares down 21% week-on-week regardless of operational milestones
Hive Digital Applied sciences’ latest enlargement in Paraguay and the completion of recent amenities haven’t had a cloth impression on inventory market efficiency. In response to Yahoo!, the inventory value was down 3.58% as of October 21, however in early October 2025 it was up practically 28% in someday, down greater than 21% for the week, and up virtually 85% for the reason that starting of the 12 months. finance.
HIVE Inventory Value Chart |Supply: Yahoo! Finance
This new milestone not solely represents an essential step ahead for Paraguay’s clear vitality sector, but additionally solidifies its place as a regional hub for mining innovation. This highlights HIVE’s continued dedication to infrastructure improvement and sustainable progress in Latin America and the Bitcoin mining trade.
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