🌊💰 Paraguay’s Bitcoin Boom: Hive’s 100MW Splash in the Crypto Pond! 🚀

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Well, butter my biscuit and call me a wizard, Hive Digital Technologies has gone and done it again! 🧙‍♂️✨ They’ve finalized a deal to slap a 100-megawatt hydroelectric-powered data center onto their Yguazú site in Paraguay, because why not? It’s all part of their grand scheme to crank up their global Bitcoin mining capacity to a whopping 35 exahashes per second (EH/s) by 2026. That’s right, folks, they’re not just mining Bitcoin-they’re mining the future! 🚀💎

This little project is just an extension of Hive’s shenanigans in the region, which kicked off when they snaffled up Bitfarms’ operations in Paraguay back in January 2025. With this new phase, the total renewable mining capacity at the Paraguayan campus will hit 400 MW, making it the country’s biggest and most boast-worthy facility. And where’s all that power coming from? Why, the Itaipú Dam, of course-famous for its dirt-cheap electricity and carbon footprint so small it could fit in a teacup. ☕️

Operational Scale and Strategic Shenanigans

According to Hive’s own trumpet-blowing, they’ve ramped up their global Bitcoin mining power from a measly 6 EH/s at the start of 2025 to a not-so-measly 22 EH/s by October. And they’re aiming for 25 EH/s by the end of the year. Because, you know, why stop when you’re on a roll? 🍞🎢

The 100 MW expansion is set to break ground in early 2026, with the whole shebang expected to be up and running by the third quarter. But wait, there’s more! Hive’s not just about mining-they’re planning a fivefold increase in their high-performance computing and AI operations, riding the AI hype train all the way to the bank. Choo choo! 🚂🤖

And let’s not forget their strategic collaborations with the likes of Bell Canada, because nothing says “we’re serious” like teaming up with a telecom giant. It’s all about bolstering their computing footprint and diversifying into AI workloads, because why put all your eggs in one basket when you can juggle them instead? 🥚🤹‍♂️

Impacts on Local Economy and Mining Hijinks

Hive’s move is giving Paraguay a shiny new badge as a Bitcoin mining hub, complete with economic and environmental perks. The Yguazú site is already churning out 8.5 BTC per day, which is enough to keep the locals in empanadas and asado for the foreseeable future. 🥩🍴

By using renewable energy, Hive keeps its operational costs lower than a limbo dancer, which helps them stay profitable even as the global hashrates go through the roof. And according to Matthew Sigel, Head of Research at VanEck, Hive is one of the few miners still growing their hashrate. Well, slap my knee and call me impressed! 👏

One of the few BTC miners still growing hash rate.

– matthew sigel, recovering CFA (@matthew_sigel) October 21, 2025

All this is thanks to Paraguay’s crypto-friendly regulatory stance, which exempts mining energy use from taxes until 2027. But don’t go thinking it’s a free-for-all-this only applies to the legit, crypto-regulated miners. Illegal Bitcoin miners? They’re about as welcome as a skunk at a perfume convention. 🦨🚫

Stock Rollercoaster: Up, Down, and Sideways

Despite all these operational milestones, Hive’s stock has been on a wild ride. On October 21, it took a 3.58% nosedive, but hey, it soared by nearly 28% in a single day earlier in the month. Weekly, it’s down over 21%, but year-to-date, it’s up almost 85%. Talk about a financial rollercoaster-hold onto your wallets! 🎢💸

HIVE stock price chart | Source: Yahoo! Finance

So, there you have it, folks. This new milestone isn’t just a big deal for Paraguay’s clean energy sector-it’s a giant leap for mining innovation in the region. It’s also a testament to Hive’s stubborn commitment to infrastructure development and sustainable progress in Latin America. Because if there’s one thing Hive knows how to do, it’s make a splash. 🌊🚀

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2025-10-21 23:50