Hive Announces Plans to Move Into Paraguay Amidst Bitcoin Mining Power Hike Turmoil

Quick Summary:

Hive Digital, a public green bitcoin mining company, announced plans to build a 100MW site in Paraguay, having connected with President Santiago Peña and his cabinet.

Hive highlighted that this new site will allow the Paraguayan government to perceive $100 million during the next three years.

Paraguay keeps attracting Bitcoin mining companies.

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Article Details

Author / Journalist: Sofiya

Category: Crypto

Markets: IndiaBrazilCanadaIcelandParaguaySweden

Topics: Announces Bitcoin Mining Turmoil Move Hive Plans Latest News News Power Hike

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-27 @ 07:04:00 (17 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinworld.co.in

Language: English

Article Length: 371 words

Reading Time: 3 minutes read

Sentences: 16 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BitcoinWorld

News ID: 21789912

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About BitcoinWorld

Main Topics: Crypto

Official Website: bitcoinworld.co.in

Update Frequency: 12 posts per day

Year Established: 2020

Headquarters: India

News Last Updated: 8 hours ago

Coverage Areas: India

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Publisher ID: #121

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