Hive Announces Paraguayan Mining Site Construction Update, Hardware Revamp. Hive Mining, a data center and crypto mining company, gave an update on the construction of a Paraguayan bitcoin mega mining site that will host 100MW of mining hardware. https://image.nostr.build/a3a8c6c4ee041e50c904978fa3fea61d2ebd1d65b2937215ccfd13ee571337cb.jpg [Source](https://news.bitcoin.com/hive-announces-paraguayan-mining-site-construction-update-hardware-revamp/)
Acquisition of ASIC Miners: To support the new facility, Hive has ordered 6,500 ASIC miners from Canaan. These new machines are expected to be delivered in batches, with the first 500 arriving shortly and the remainder scheduled for early 2025.Increased Hashrate: With these upgrades, Hive aims to raise its total mining capacity from 5.6 EH/s to 8 EH/s by mid-2025. This substantial increase in hashrate will position Hive more competitively in the Bitcoin mining sector.