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HIVE Digital scales Paraguay Bitcoin facility - ICYMI
HIVEHIVE Digital Technologies .(HIVE) Proactiveinvestors NA·2025-04-18 13:59

Core Viewpoint - HIVE Digital Technologies has successfully commissioned its 200 megawatt facility in Paraguay, which is now operational and powered by green energy, allowing for profitable operations due to lower electricity costs [1][4]. Group 1: Operational Update - The facility in Paraguay is expected to double its production by May and continue scaling until November [2][6]. - The company has transferred machines from Canada to Paraguay to take advantage of lower electricity prices, ensuring operations remain profitable [1][5]. - The project includes multiple buildings across two campuses, indicating significant infrastructure development [1][4]. Group 2: Production and Financials - In March, the company's production numbers were released, showing a HODL balance of 2,201, which is slightly down from previous peaks [7]. - The company sold some Bitcoin to finance the acquisition of Bitfarms operations, benefiting from selling at higher prices than current trading values [7].