{"id":156345,"date":"2025-05-08T18:00:14","date_gmt":"2025-05-08T15:00:14","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=156345"},"modified":"2025-05-08T16:04:58","modified_gmt":"2025-05-08T13:04:58","slug":"paraguays-hydro-power-fuels-hives-bold-expansion-in-bitcoin-mining","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/paraguays-hydro-power-fuels-hives-bold-expansion-in-bitcoin-mining\/","title":{"rendered":"Paraguay\u2019s Hydro Power Fuels Hive\u2019s Bold Expansion in Bitcoin Mining"},"content":{"rendered":"

CEO Aydin Kilic highlighted<\/a> <\/strong>Paraguay\u2019s political stability, low-cost hydro energy, and openness to foreign investment as reasons for the move. Hive recently acquired Bitfarms\u2019 200 MW Yguaz\u00fa facility for $56 million, completing the first 100 MW phase in April. The company plans to scale to 300 MW and 25 EH\/s by 2025.<\/p>\n

Hive has spent over a year building local partnerships, launching training programs, and hiring locally to support long-term operations. While Paraguay has debated mining restrictions due to energy concerns, Hive is working with policymakers to shape a supportive regulatory environment.<\/p>\n

Despite its LATAM focus, Hive is also moving its headquarters to San Antonio, Texas.<\/p>\n