HIVE Digital Signs Agreement To Develop 100 MW Hydroelectric Data Center In Paraguay
Portfolio Pulse from Benzinga Newsdesk
HIVE Digital Technologies Ltd. has signed agreements to develop a 100 MW hydroelectric data center in Paraguay. The project will utilize green energy from the Itaipu hydroelectric dam and aims to increase HIVE's Bitcoin mining capacity to 12.1 EH/s. The company has capped its investment at 100 MW due to fiscal policy changes.
July 31, 2024 | 9:31 pm
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HIVE Digital Technologies Ltd. has entered into agreements to develop a 100 MW hydroelectric data center in Paraguay, increasing its Bitcoin mining capacity to 12.1 EH/s. The project will use green energy from the Itaipu hydroelectric dam.
The development of a 100 MW hydroelectric data center in Paraguay is a significant step for HIVE, as it will increase their Bitcoin mining capacity and utilize green energy. This positive development is likely to boost investor confidence and positively impact the stock price in the short term.
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