HIVE Digital Expands Bitcoin Mining Capacity in Paraguay
According to boerse.de, HIVE Digital Technologies Ltd. has announced the acquisition of Bitfarms' Yguazú site in Paraguay, a 200-MW hydroelectric-powered Bitcoin mining facility. This strategic move is set to increase HIVE's global Bitcoin mining hash rate from its current 6 Exahash per second (EH/s) to an anticipated 25 EH/s by September 2025. The expansion will be executed in two phases: Phase one aims for completion by April 1, 2025, adding approximately 6 EH/s capacity; phase two is expected to finish by August 31, contributing another 6.5 EH/s with high-efficiency water-cooled ASICs.
The total net cost for expanding the site up to full capacity is estimated at $400,000 per MW upon completion. Additionally, HIVE continues progress on a separate project that involves connecting their existing facilities in Canada and Sweden as well as new developments within Latin America using entirely green hydropower sources.
Petrobras Utilizes Excess Gas for Eco-Friendly Bitcoin Mining
BTC-ECHO reports that Petrobras, one of the world's largest oil companies based out of Brazil with over forty thousand employees globally, underlines how they are exploring innovative ways towards environmental sustainability while simultaneously generating profit through cryptocurrency production via excess gas utilization during petroleum extraction processes. This strategy would otherwise negatively impact climate change if left unmanaged without proper intervention strategies being effectively implemented across various sectors involved.
Bitcoin Whales Influence Market Dynamics Amid Price Fluctuations
The Coin Republic highlights recent activity among short-term investors known colloquially as "whales" who have significantly impacted both immediate trends and long-range forecasts concerning BTC valuations worldwide. According to the latest insights shared by experts, including notable contributions from CryptoQuant, these influential stakeholders now account for sixty percent of realized capitalizations among major industry players. This underscores the importance of closely monitoring ongoing developments in the rapidly changing landscape of digital currencies and broader financial ecosystems.
Sources:
- Hive Digitals Kauf in Paraguay wird die Bitcoin-Mining-Kapazität bis Ende 2025 vervierfachen.
- EQS-News: HIVE Digital gibt den Erwerb des Bitfarms-Standorts Yguazú in Paraguay, einer 200-MW-Bitcoin-Mining-Anlage, bekannt und schafft damit die Voraussetzungen für ein beträchtliches Wachstum! - boerse.de
- Petrobras: Energieriese will mit überschüssigem Gas Bitcoin schürfen
- HIVE legt zu nach Plänen zur Übernahme eines 200-MW-Wasserkraft-Bitcoin-Mining-Zentrums in Paraguay von Bitfarms
- Deepseek-Manie löst weitverbreitete Verluste für börsennotierte Krypto-Unternehmen und Bitcoin-Miner aus
- Kurzfristige Bitcoin Whales sorgen für Aufsehen, BTC-Preis reagiert
