Hive Digital buys 6,500 ASICs, starts Paraguay construction

Bitcoin miner Hive Digital is upgrading its infrastructure arsenic it begins operation of facilities successful Paraguay, the 4th state it volition run in. The Nasdaq-listed Canadian miner has purchased 6,500 Canaan Avalon A1566 application-specific integrated circuits (ASICs) for transportation from December done March 2025.

Hive Digital revs up

The archetypal 500 caller ASICs were delivered successful the 2nd week of November, with 4 much shipments coming done the archetypal 4th of 2025. They volition boost Hive Digital’s hash complaint from 5.6 EH/s to 6 EH/s by March, the institution said.

Shortly aft the completion of the ASICs delivery, 30 MW of mining capableness is expected to travel online successful Paraguay, bringing Hive Digital’s hash complaint to 8 EH/s by the extremity of the 2nd quarter. The caller ASICs volition boost Hive Digital’s ratio from its existent 22.3 J/th to 20.5 J/th. Canaan president and CEO Nangeng Zhang said:

“HIVE has been capable to maximize the utilization complaint of its mining sites, resulting successful immoderate of the highest Bitcoin accumulation per progressive hashrate successful the industry.”

“HIVE is an important partner, particularly fixed their committedness to transparency successful concern and their beardown absorption connected ESG principles,” Zhang continued. Canaan announced the merchantability of 3,800 Avalon A1566I Immersion Cooling Miners to miner CleanSpark astatine the opening of the month.

Related: BTC miners are perfect vigor consumers, but regulators request to drawback up — Hive

Hive Digital changes with the times

Hive Digital’s enlargement to Paraguay was announced successful July. When the Paraguay installation is completed, it volition person a capableness of 100 MW and Hive Digital volition person a hash complaint of 12.5 EH/s and fleet ratio of 17.6 J/th.

Source: HIVE Digital Technologies

In summation to Paraguay, Hive Digital has facilities successful Canada with implicit 100 MW of capacity, and successful Sweden and Iceland, wherever they person 46 MW combined.

Hive Digital rethought its concern exemplary aft the Ethereum Merger, erstwhile that blockchain transitioned from impervious of work, which Hive Digital had contributed to, to impervious of stake. At that time, Hive Digital repurposed Nvidia graphic processing units (GPUs) for artificial intelligence. It present operates astir 38,000 Nvidia GPUs.

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