Hive digital technologiesTo do, Canadian company, Specialized to mining bitcoin has decided to invest in a strong Latin -AmericanDetermining Paraguay as a long -term strategic partner.
According to what stated Aydin KilicHive President and CEO, represents the perfect combination of Paraguay geopolitical stabilityTo do, cheap hydroelectric powerand openness to foreign investmentTo.
In the interview, Kilic emphasized how the company's goal is not temporary arbitrage, but a durable cooperation With the South American state.
New border of Bitcoin mining: in the middle of the Paraguay Hive Strategy
In January, Hive took a significant strategic step by acquiring a 200 megawatt (MW) facility in the year Yguazú for $ 56 millionPreviously owned by Bitfarms.
The first phase of the project, which includes the construction of A 100 MW Data CenterReady in April.
This center is already running and supports five Exhahs per second (EH/S) using ASIC (application -specific integrated circuit) for mining bitcoin.
The company has ambitious plans for the future: by 2025, Hive's goal is to achieve capabilities 300 MW Paraguay and to bring your whole hashrate 25 Eh/s By September.
The central element of the Hive strategy is the integration of the local economic and social structure.
Kilic explained that the company spent over a year building Certain relationships with paraguay stakeholdersby investing local rentalTo do, training programsand Partnership with local suppliersTo.
The goal is to create a Local support ecosystem This allows you to keep the operating costs low while improving efficiency and performance.
Despite some legislative proposals aimed at limiting cryptocurrency mining in Paraguay, the risk of energy consumption and increased energy prices has been actively engaged dialogue with policy makersTo.
The company wants to make a contribution to a A clear and collaborative framework frameworkwhich promotes both technological development and the sustainability of energy.
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Preparation of the future: technology, energy and human capital
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In any case, Hive is not limited to Paraguay. The company already has Active data centers in Canada and Swedenand now moves to his headquarters San Antonio, TexasTo.
This enlargement on several continents is part of a geographical diversification a strategy aimed at protecting the potential of a business geopolitical shocks or changes in trade policyTo.
A specific example of this attention is the answer Tariffs established by the United States by the United StatesWhat has driven the costs of mining equipment, especially ASICS.
Avoid addictions from one area diversified this supply channels For both ASIC and electrical components.
25 EH/S to achieve the goal is already Hive The main orders of ASICS were securedhas been concluded Long -term energy purchase contractsand has expanded its engineering On three continents.
This approach allows the company to face technological and market facing uncertainty with greater durability.
Kilic explained that profitability Bitcoin mining is ultimately physical substanceTo.
Capital and operating expenses must be assessed on the basis of a hiking, looking for the most effective way to finance the activity BTC Treasury Management and Sales through ATMsTo.
According to Kilic, even small miners can achieve positive results when they focus controlled variablesTo.
Whether it is a single installation or thousands of machines is important optimization of operational expensesTo do, Maximizing energy efficiencyand Minimizing the downtimeTo.
Discipline financial management There is another important element to ensure the sustainability and growth of the activity.
Repeated model for the future of mining
Paraguay's choice by hive denotes a specific example of how Bitcoin mining can develop sustainably, integration with the local economy and amplification Renewable and cheap energy sourcesTo.
The sector is often criticized for its environmental impact, showing Hive that it is possible to connect technological innovationTo do, social responsibilityand a global strategic visionTo.
Increasingly in Latin -Amerika, North Americanand EuropePositions himself as one of the most dynamic and forward -looking players in the cryptocurrency mining landscape.
Paraguay can get his own natural resources and investment open Energy and Technology Number For the entire Latam area. And Hive is ready to lead this transformation.
