Mining company Hive Digital announced an investment of 60 million dollars to enter Paraguay
ChainCatcher news, according to Decrypt, mining company Hive Digital announced an investment of $60 million to enter Paraguay.
Hive Digital announced that it has purchased 13,480 new mining machines to expand its operations in the South American country. The deal, valued at over $60 million, will help the company capture 2% of the global Bitcoin network. The Bitmain Antminer S21+ Hydros offers a hash rate of 4.3 Exahashes per second (EH/s).
Executive Chairman Frank Holmes stated that once fully deployed, expanding to 15 EH/s will "drive Hive's annual revenue to over $300 million and generate over $200 million in mining profits based on current mining economics."
Related tags
ChainCatcher reminds readers to view blockchain rationally, enhance risk awareness, and be cautious of various virtual token issuances and speculations. All content on this site is solely market information or related party opinions, and does not constitute any form of investment advice. If you find sensitive information in the content, please click "Report", and we will handle it promptly.
Related tags
Mention the project
