HIVE’s Bold Power Move: 317% Bitcoin Mining Expansion Amid Price Drop

HIVE Digital Technologies just made a massive play in the Bitcoin mining game, acquiring a 200-megawatt hydro-powered facility in Paraguay for a staggering $56 million. While the broader crypto market struggles, HIVE is going full throttle, aiming for an eye-watering 317% increase in mining capacity—from 6 EH/s to 25 EH/s—by September 2025.

A High-Stakes Expansion

Despite Bitcoin’s 25% price slump from its January all-time highs, HIVE is doubling down on its commitment to sustainable blockchain infrastructure. This acquisition cements its presence in Paraguay, adding to its global footprint across Canada and Sweden. By Q3 2025, HIVE’s total operational power will hit an impressive 430 MW, with 300 MW concentrated in Paraguay alone.

“This acquisition demonstrates our strategic focus on sustainable, high-growth expansion,” said Frank Holmes, Executive Chairman of HIVE. “Scaling our operations to 3% of the global network by September 2025, powered entirely by green energy, is a significant achievement.”

Breaking Down the Deal

The newly acquired Yguazú facility will be developed in two phases. Phase one, already 80% complete, is set to go live by April 1, adding 6 EH/s. The second phase, scheduled for completion by August 31, will bring an additional 6.5 EH/s through hydro-cooled ASICs, ensuring maximum efficiency.

HIVE’s latest expansion follows a strategic pattern of aggressive growth. The company has already secured ASIC miners to push its hashrate beyond 15 EH/s, including an order of Bitmain S21+ Hydro ASICs from November. More acquisitions are expected in the coming months as HIVE chases its ambitious 25 EH/s target.

Bitcoin’s Price Woes and the Mining Challenge

HIVE’s expansion comes at a tricky time. Bitcoin’s price is currently hovering around $83,000—down 25% from its peak two months ago and nearing the critical $80,000 support level. February saw BTC tumble by 18%, a dip that impacted HIVE’s production, with the company mining just 89 BTC in the last month compared to 102 BTC the month before.

While mining difficulty and falling prices have squeezed profit margins, HIVE remains unfazed. Instead, it is realigning its operations to focus on efficiency and scaling. The company plans to achieve a fleet-wide efficiency of 16.5 Joules per Terahash, one of the best in the industry.

Leadership Reinforcements and Regional Influence

To solidify its expansion in Paraguay, HIVE has appointed Gabriel Lamas as the Country’s President. A veteran in energy infrastructure, Lamas previously led LATAM operations at Bitfarms Ltd. and worked with Paraguay’s national utility, ANDE. His expertise will be crucial as HIVE becomes Paraguay’s largest private electricity consumer, ensuring a steady stream of U.S. dollar-denominated revenue for the government.

“As we become the largest private electricity consumer from ANDE, HIVE will play a vital role in generating a steady stream of U.S. dollar-denominated revenue for the government,” Holmes noted.

Additionally, last month, HIVE brought on Craig Tavares as President and Chief Operating Officer of its Buzz HPC division, focusing on GPU Cloud and High-Performance Computing (HPC) services.

Betting Big on Paraguay

Paraguay’s stable regulations, low-cost hydroelectric power, and attractive operational costs make it an ideal hub for HIVE’s ambitious plans. As competition in Bitcoin mining intensifies, HIVE’s aggressive push into sustainable energy-powered mining could position it as a dominant player not just in Latin America, but globally.

With the countdown to 25 EH/s in full swing, the question remains: will HIVE’s high-risk, high-reward strategy pay off in an unpredictable crypto market? One thing’s certain—this is a power move that could redefine Bitcoin mining for years to come.

The post HIVE’s Bold Power Move: 317% Bitcoin Mining Expansion Amid Price Drop appeared first on Coinfomania.