Hive Digital recently announced its entry into Paraguay with an investment of $60 million, purchasing 13,480 new mining machines. This deal will help the company capture 2% of the global Bitcoin network. 💰

These new devices are Bitmain's Antminer S21+ Hydros, offering a hash rate of 4.3 Ehash per second. Hive plans to expand its total hash rate to 15 EH/s through full deployment. 📈

Executive Chairman Frank Holmes stated that this expansion is expected to generate annual revenues exceeding $300 million and yield over $200 million in mining profits under the current mining economy. 💹

Hive's move demonstrates confidence in the South American market while reflecting the ongoing growth of the global crypto mining industry. 🌍