Hive

  • Bitcoin Miner Hive Bets Big on Paraguay for Cheap, Clean Energy

    Bitcoin Miner Hive Bets Big on Paraguay for Cheap, Clean Energy

    Bitcoin mining company Hive Digital Technologies is putting forward a long-term play in Paraguay, betting on the country’s low-cost hydropower and stable business environment to fuel its growth. The company, which already operates in Canada and Sweden, recently acquired a 200-megawatt (MW) mining facility in Paraguay from rival Bitfarms for $56 million. The first phase,…