Bitcoin miner Hive Digital is expanding its infrastructure by constructing facilities in Paraguay, its fourth country of operation. The Nasdaq-listed Canadian miner has purchased 6,500 Canaan Avalon A1566 application-specific integrated circuits (ASICs) for delivery from December through March 2025.
The new ASICs will help boost Hive Digital’s hash rate from 5.6 EH/s to 6 EH/s by March, and with the completion of the ASICs delivery, 30 MW of mining capacity is expected to come online in Paraguay, bringing Hive Digital’s hash rate to 8 EH/s by the end of the second quarter. Hive Digital’s expansion to Paraguay was announced in July, and when the facility is completed, it will have a capacity of 100 MW and Hive Digital will have a hash rate of 12.5 EH/s and fleet efficiency of 17.6 J/th.
In addition to Paraguay, Hive Digital also has facilities in Canada, Sweden, and Iceland. The company changed its business model after the Ethereum Merger, repurposing Nvidia graphic processing units (GPUs) for artificial intelligence, and now operates around 38,000 Nvidia GPUs.
