Hive Digital, a Bitcoin (BTC) miner, is enhancing its infrastructure by constructing facilities in Paraguay, its fourth operational country. The Canadian miner, listed on Nasdaq, has acquired 6,500 Canaan Avalon A1566 ASICs for delivery between December 2021 and March 2025. The initial 500 ASICs arrived in November, with more shipments scheduled until the first quarter of 2025. This upgrade will increase Hive Digital's hashrate from 5.6 EH/s to 6 EH/s by March. Following the ASICs delivery, 30 MW of mining capacity will be activated in Paraguay, boosting the hashrate to 8 EH/s by the second quarter. The new ASICs will also improve efficiency from 22.3 J/TH to 20.5 J/TH. Hive Digital's expansion in Paraguay aims to reach a capacity of 100 MW, achieving a hashrate of 12.5 EH/s and an efficiency of 17.6 J/TH. Hive Digital has facilities in Canada, Sweden, and Iceland, totaling 146 MW, and shifted focus to Nvidia GPUs for AI post Ethereum's transition to proof-of-stake. Read more AI-generated news on: https://app.chaingpt.org/news

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