Hive expands Bitcoin mining in Paraguay with a focus on clean energy.

• Hive expands Bitcoin mining with hydroelectric dam in Paraguay.
• Daily BTC production grows and funds HPC centers.
• Surplus energy ensures stable revenue and new data centers.

Hive Digital Technologies maintains its strategy of expanding Bitcoin mining even during a period of pressure on the asset's prices. In a recent interview, the company's CEO, Frank Holmes, explained that the company continues to expand its operational capacity, with particular emphasis on investments in Paraguay, where the availability of low-cost hydroelectric power creates a favorable environment for large-scale mining.

Holmes attributed the recent market weakness to short-term factors related to the excessive use of leverage by some participants.

"These weren't just spot purchases. It was a lot of leveraged buying. And whenever there's a lot of leveraged buying and someone is forced out, it creates a contagion effect that drives the price down in the short term."

Holmes said. According to him, this type of move does not alter the company's structural strategy.

Hive has significantly increased its daily Bitcoin production. According to Holmes, the mined volume has risen from approximately three to about ten BTC per day, a direct result of the expanded infrastructure and operational efficiency. "We've more than tripled our daily Bitcoin production," stated the executive, indicating that further increases are already in the company's plans.

While competitors like Bitfarms, MARA, and Hut 8 direct part of their investments toward high-performance computing, known as HPC, Hive has opted for a model that combines both fronts. Holmes described Bitcoin mining and HPC as complementary lines of business.

“Our philosophy is to operate in parallel. Neither is better than the other. Both are necessary. And to build HPC, the fastest way to recoup the investment is to build a Bitcoin data center.”

he explained.

Paraguay occupies a central position in this strategy. The country has a historical surplus of electricity, traditionally exported to neighboring nations. According to Holmes, Argentina has accumulated more than US$200 million in energy-related debt. In this context, Bitcoin mining emerges as an alternative to generate recurring revenue for local utilities.

“Bitcoin miners save the day. (Utility companies) receive payments every month. Not only do we build substations across the country, but we also pay for them monthly.”

Holmes stated. Hive plans to install some of its most powerful data centers in Paraguay, reinforcing its commitment to long-term infrastructure.

Even with short-term price fluctuations, the company maintains its expansion plan. "We believe Bitcoin may experience a drop in the short term, but that won't stop us from expanding," concluded Holmes, highlighting that the combination of mining and HPC underpins Hive's strategic vision in the South American country.