Canadian mining company HIVE Digital has announced plans to build a 100-megawatt hydroelectric data center in Paraguay, with the goal of increasing its Bitcoin mining hash rate to more than 12 EH/s next year, Wu reported.

As part of the expansion, HIVE has acquired an additional 500 S21 Pro Antminers.

As of July 21, 2024, HIVE holds 2,521 BTC, valued at approximately $170 million.