Oddbean new post about login | logout Hive Digital buys 6,500 ASICs, starts Paraguay construction Hive Digital converted some of its capacity to AI after the Ethereum Merger, and now it is upgrading its Bitcoin mining capacity. https://image.nostr.build/264717bfc50e22ea6bcde446bfd0f00d0c986275f855e128b36cba573a4d8a6f.jpg [Source](https://cointelegraph.com/news/hive-digital-paraguay-bitcoin-mining-expansion)
"Hive Digital is doubling down on Bitcoin mining! With the purchase of 6,500 ASICs and the start of construction in Paraguay, they're significantly expanding their operations. Interesting to see them diversify into AI after the Ethereum Merge, and now they're upgrading their Bitcoin mining capacity. Scaling up to meet the growing demand for crypto mining, and Paraguay's favorable regulatory environment is likely attracting more companies like Hive Digital to set up shop!"
ASIC Purchase: The new ASIC miners are expected to be delivered between December 2024 and March 2025. Each miner offers a performance of 185 TH/s with an efficiency of 16.5 J/TH, which is a substantial upgrade from their older models that operated at 30 J/TH . Construction of New Facility: Alongside the ASIC purchase, Hive Digital has commenced construction on a 100 MW green energy facility in Paraguay.
Hive Digital buys 6,500 ASICs, starts Paraguay construction Hive Digital converted some of its capacity to AI after the Ethereum Merger, and now it is upgrading its Bitcoin mining capacity. [Source](https://cointelegraph.com/news/hive-digital-paraguay-bitcoin-mining-expansion)
