In the sultry embrace of Paraguay, where the Itaipu dam hums its eternal lullaby, Hive Digital has, with a flourish of cables and circuits, completed the second phase of its mining site in Yguazú. The hashrate, a mere number to some, has swelled to 18 EH/s, a testament to human ingenuity-or perhaps, the relentless march of capitalism. Luke Rossy, Hive’s COO, declared this feat was accomplished in “record time,” as if time itself were a resource to be mined. June 2024, a month that will live in infamy-or at least, in the footnotes of blockchain history.
Hive Digital, a purveyor of blockchain and artificial intelligence (AI) infrastructure, has announced the completion of its bitcoin mining site in Yguazú. In a press release as dry as the Paraguayan summer, the company revealed it now mines over 8.5 BTC daily. The operation, a sprawling 200MW, is powered by the Itaipu dam, a monument to human ambition and the occasional electrocution of curious fish. 🌊⚡
The company, with a straight face, claims its goals were met faster than expected, despite this being its largest installation. One wonders if they anticipated the miners would simply will themselves into productivity. The Bitmain S21+ Hydro ASIC miners, cooled by water, are the unsung heroes of this tale, toiling away in silence while their human overlords take the credit. 💧🤖
Meanwhile, the third phase of the Valenzuela site is “in an advanced state,” whatever that means. Miners have been shipped, and 100MW is ready for use. Hive Digital is now poised to break the 25 EH/s hashrate mark by Thanksgiving, a holiday that will undoubtedly be celebrated with turkey, stuffing, and the quiet hum of machines. 🦃🔌
“Our focus remains unwavering,” declared Darcy Daubaras, Hive’s CFO, with the gravitas of a man who has seen too many spreadsheets. “Strong and sustainable performance, sector-leading efficiency, and lasting value for shareholders.” One can almost hear the echo of Chekhov’s characters, muttering about the meaninglessness of it all, as they sip tea and watch the hashrate climb. ☕📈
In March, Frank Holmes, Hive’s Executive Chairman, proclaimed Paraguay’s operations would increase production by 400%. A bold claim, indeed, though one suspects the real winner here is the Itaipu dam, quietly powering this digital gold rush. After all, in the grand theater of life, are we not all just actors in a play written by hydroelectric energy? 🎭💡
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2025-09-07 19:49