HIVE Digital’s Stock Rises 2% Following Operational Launch of 100 MW Bitcoin Mining Facility in Paraguay

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2025-04-21 07:02:43

Bitcoin miner HIVE Digital’s shares jump 2% as it completes 100 MW site in Paraguay

HIVE Digital Technologies Ltd. (formerly HIVE Blockchain) saw its shares climb 2% on April 21, 2025, after successfully commissioning its new 100-megawatt Bitcoin mining data center in Paraguay. The facility, powered by renewable hydroelectric energy, marks a strategic expansion for the publicly traded miner as it capitalizes on Paraguay’s low-cost electricity and favorable regulatory environment for cryptocurrency operations. This development comes amid growing institutional interest in vertically integrated mining operations with sustainable energy solutions. Analysts suggest the project could significantly boost HIVE’s hashrate capacity while maintaining industry-leading energy efficiency metrics.

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