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Hive Digital Technologies is focusing on Paraguay as a long-term hub for Bitcoin mining, leveraging its clean energy and stable geopolitics. While other miners eye a US return, Hive sees untapped potential in Latin America.
- Hive Digital acquired Bitfarms’ 200 MW Paraguay facility for $56 million, signaling long-term LATAM commitment.
- Paraguay offers low-cost hydro energy and geopolitical stability, making it attractive for Bitcoin mining.
- Phase one of Hive’s Yguazú data center supports 5 EH/s of ASIC mining, enhancing regional capacity.
📎 Related coverage from: cointelegraph.com