• Hive Digital Technologies Expands Hashrate Capacity with Major Miner Upgrades and Paraguay Expansion

  • Nov 21 2024
  • Length: 6 mins
  • Podcast

Hive Digital Technologies Expands Hashrate Capacity with Major Miner Upgrades and Paraguay Expansion

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  • Hive Digital Technologies Chief Financial Officer Darcy Daubaras joined Steve Darling from Proactive to announced significant fleet enhancements with the purchase of 5,000 Avalon A15-194T ASIC miners, following an earlier acquisition of 6,500 Avalon miners this month. This brings the November total to 11,500 new miners, underscoring the company's commitment to cutting-edge operational upgrades. The new equipment will replace older miners, improving efficiency from 22.3 J/TH to an industry-leading 19.5 J/TH and boosting Hive's operational capacity from 5.6 EH/s to 6.4 EH/s by the end of 2025. The upgrades align with Hive's ROI-driven capital allocation strategy and commitment to maintaining its leadership in mining efficiency. Daubaras also shared progress on Hive’s 100 MW expansion in Paraguay, which will achieve 30 MW of mining capacity (approximately 2 EH/s) by early Q2 2025. This expansion will raise Hive’s total hashrate to 8.3 EH/s by the end of Q2 2025, complementing internal fleet upgrades slated for completion by March 2025. "Our investments in advanced ASIC miners and Paraguay’s infrastructure reflect our focus on operational excellence and sustainable growth," Daubaras stated. "With these upgrades, Hive continues to set benchmarks for efficiency and capacity in the digital asset mining sector." Hive remains at the forefront of digital asset mining, enhancing efficiency and scalability to meet growing global demand. #proactiveinvestors #hivedigitaltechnologieslet #tsxv #hive #nasdaq #hive #BitcoinMining #Cryptocurrency #GreenMining #ParaguayExpansion #BitcoinRewards #AvalonMiners #CryptoEfficiency #TechInnovation #invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews
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