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Green Bitcoin Mining: HIVE Achieves New Bitcoin Mining Goal in Paraguay
HIVE Digital Technologies has successfully completed the second expansion phase of its large-scale project in Yguazú, Paraguay, surpassing a key milestone. With an installed computing power of over 18 exahashes per second (EH/s), the company is currently producing more than 8.5 Bitcoin daily, fully powered by renewable hydropower.
The management reported that the infrastructure was built significantly faster than planned. The installation of the last ASIC miners has increased the company's total capacity to 18 EH/s, and since surpassing the 17 EH/s mark, daily Bitcoin production has been over eight units. Following the completion of the second construction phase, HIVE is now producing over 8.5 Bitcoin per day.
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“The stable and particularly competitive operating costs are enabled by the renewable energy source from the Itaipú Dam, the largest hydropower plant in the Western Hemisphere,” the company stated.
In parallel to the Yguazú site, the third project phase in Valenzuela is also well advanced. COO Luke Rossy mentioned that the transformers there have already been commissioned, and the installation of the ASIC systems is set to begin within weeks. This new site will have a capacity of 100 megawatts, also powered entirely by hydropower.
The management aims to have the third site fully operational by the end of November, keeping the company on track to reach its strategic expansion goal of 25 EH/s, which would correspond to about three percent of the global Bitcoin mining capacity. Based on the current network difficulty, HIVE expects a daily Bitcoin production of approximately twelve units.
In terms of cost efficiency, the Bitmain S21+ Hydro miners planned for Phase 3 have already been fully paid for and are partially on-site. The remaining devices are expected to arrive throughout the month. The electricity costs, which constitute the largest part of ongoing expenses, only increase proportionally to the computing power used, while additional personnel costs are minimal due to the largely automated commissioning of the devices.
HIVE's strategic dual focus remains on long-term value creation through disciplined growth and lean structures. The business model, which includes both Bitcoin mining and a growing cloud business in high-performance computing (HPC), allows for additional revenue through GPU-based infrastructure for applications in artificial intelligence, complementing the core mining business.
In summary, HIVE Digital Technologies is making significant strides in sustainable Bitcoin mining, with ambitious plans to expand its capacity and maintain operational efficiency.
Cango Inc. Updates Bitcoin Production and Mining Operations for August 2025
Cango Inc. (NYSE: CANG) has released its update on Bitcoin production and mining operations for August 2025. The company reported a total Bitcoin production of 663.7 for the month, with an average daily production of 21.4 Bitcoin, marking a significant increase from the previous month.
The total number of Bitcoins held by Cango has risen to 25,193, up from 4,529. The company has maintained a hash rate of 50 EH/s, with an average operational hash rate of 343.74 EH/s, reflecting a 6.9% increase compared to the previous month.
“With our new capacity of 50 EH/s fully operational since July, we are pleased to report that we have mined 663.7 Bitcoins this month, surpassing the 5,000 Bitcoin mark,” stated Paul Yu, CEO and Director of Cango.
Cango has focused on enhancing its mining core business through targeted initiatives to improve fleet efficiency, including careful maintenance of existing fleets and selective upgrades of older miners to next-generation models. The company has also recently acquired a 50 MW Bitcoin mining facility in Georgia, USA.
Looking ahead, Cango sees significant potential to further optimize operational efficiency and explore new opportunities in the energy and HPC sectors. The company remains committed to its long-term strategy of holding Bitcoin and not selling its reserves.
In conclusion, Cango Inc. is demonstrating robust growth in its Bitcoin mining operations, with a clear strategy for future expansion and efficiency improvements.
Next Viral Memecoin PepeNode Offers Good Crypto Miner for Earning
PepeNode has launched as the first cryptocurrency with memecoin mining, achieving a fundraising amount of $529,730 within the first hours. This project not only promises returns but has also supported mining since the beginning of its presale.
Investors can start mining by building rigs, earning rewards, and burning the PEPENODE token supply through a gamified mining system, even before the official token launch. The current presale price for the PEPENODE coin is $0.0010366, available for a limited time.
“PepeNode combines the memecoin sector with crypto mining, creating an interactive model that encourages user engagement and strengthens the value of the deflationary token through burnings,” the project claims.
The project eliminates barriers to entry, allowing users to engage in virtual mining without needing technical expertise or expensive hardware. Users can acquire mining nodes with the native PEPENODE coin and deposit them in their server rooms, enhancing hash power and generating rewards.
As the presale continues, the mining system will transition from offchain to onchain once the PEPENODE coin is launched on exchanges, ensuring transparency and efficiency in rewards and burnings. The project also features a tiered reward system to incentivize early participants and a referral program offering bonuses for bringing in new investors.
In summary, PepeNode is positioned as a promising memecoin with a unique mining approach, appealing to both new and experienced investors in the crypto space.
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