Overview
- Hive increased Paraguay production from 3 BTC to about 10 BTC per day and says further growth is coming.
- The company plans to build some of its most powerful data centers in Paraguay while developing power and facility infrastructure.
- Executive chairman Frank Holmes blames recent Bitcoin weakness on excessive leverage and forced liquidations but says the buildout stays on track.
- Hive frames Bitcoin mining and high‑performance computing as complementary revenue engines as peers including Bitfarms, Marathon and Hut 8 expand into HPC.
- Paraguay’s surplus hydropower and supportive policy underpin the strategy, with miners providing steady utility payments as Argentina reportedly owes over $200 million for electricity.