HIVE link LATAM: Cheap energy for cryptocurrency

Explore the Potential Opportunities of the Cryptocurrency Market in Latin America

Some cryptocurrency organizations, including Bitcoin mining companies (BTC), are reconsidering the U.S. market due to uncertain political volatility. However, HIVE Digital Technologies is focusing on the untapped potential in Latin America. Aydin Kilic, President and CEO of HIVE, noted that Paraguay has long-term opportunities with “political stability, cheap hydroelectric energy, and a government open to foreign investment.”

Expansion Strategy and Infrastructure

HIVE has acquired Bitfarms’ 200 MW Yguazú facility for $56 million in January. The phase 1 infrastructure for the 100 MW data center was completed in April, supporting 5 EH/s of mining capacity. HIVE plans to expand to 300 MW and increase hash power to 25 EH/s by 2025.

Building Local Relationships and Stabilizing Policies

In the context of the cryptocurrency mining ban in Paraguay, HIVE is actively working with policymakers to support clearer mining policies. The company is also investing in local hiring and training to create a stable cost-supporting ecosystem that increases efficiency.

Global Diversification to Mitigate Geopolitical Risks

HIVE owns data centers in Canada, Sweden, and Paraguay, while having its headquarters in San Antonio, Texas. This creates a balanced, flexible operational network in the face of political or trade shocks. With the increase in taxes from the United States on China, HIVE has diversified its supply of mining equipment to reduce dependence.

Bitcoin Mining Profit: The Physics Equation

Aydin Kilic considers Bitcoin mining profits as a physical equation, dependent on the analysis of hash power sensitivity and cost management. To ensure growth from 6 to 25 EH/s, the company has prepared orders for ASIC devices and enhanced global technical capacity. The goal is to optimize energy efficiency, minimize downtime, and manage the budget in a disciplined manner.

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