According to Odaily, Canadian-listed mining company HIVE Digital has announced plans to construct a 100 MW hydropower data center in Paraguay. The company aims to increase its Bitcoin mining hash rate to over 12 EH/s by next year. As part of its expansion strategy, HIVE has also acquired 500 S21 Pro Antminers.

As of July 21, 2024, HIVE's Bitcoin holdings have risen from 2,496 BTC at the end of June 2024 to 2,521 BTC, with an estimated value of approximately $170 million.