There are many crypto-focused organizations-including bitcoin (Btc) Mining companies – seeing a return to the US, especially driven by uncertain geopolitical tension. However, BTC Miner Hive Digital Technologies doubles the unfinished potential of the Latin American market.
In an exclusive interview with Cointelegraph, the President and CEO of Hive Digital Technologies Aydin Kilic said that Paraguay presents a compelling long -term opportunity equipped with “geopolitical stability, cheap hydro energy, and a government open to foreign investment”.
The selection from where the bitfarms are left
Hive got BitFarms’ 200 MW Yguazú Facility for $ 56 million In January. The Phase 1 infrastructure of a 100 MW data center on the site was completed in April, supporting 5 eh/s of mining specified by the application (ASIC).
Hive plans to expand 300 megawatts (MW) of Mining Facilities in Paraguay in 2025. It aims to increase the hashrate to 25 exahash per second (eh/s) of September.
Related: Bitfarms sells paraguay site to be Hive for $ 85m, re -focused on us
The CEO said Hive spent more than a year planting strong, working with local stakeholders in Paraguay. “We are investing in local rent, training programs, and strong vendor partnerships. Our goal is to create a local support ecosystem that maintains costs that are stable while strengthening time and efficiency,” he added.
While there is A suggested ban on crypto mining in Paraguay Due to this pressure on the country’s electricity supply and the potential increase in electricity prices, Aydin said their team was actively involved in policy manufacturers to support clarity and cooperation with the mining law.
Hive embraced the global diversity -the fence against geopolitical dangers
Hive has data centers in Canada, Sweden and Paraguay. Comparison of the continued expansion of the latm, the miner moved its headquarters to San Antonio, Texas.
“Our growing presence in North and South America creates a balanced footprint that is elastic to geopolitical or trade policy shocks,” Kilic said.
The US tariff in China has raised concerns about rising costs of mining equipment, such as the ASICs. Kilic told Cointelegraph that they have a variety of sourcing channels for ASICs and electrical ingredients to prevent single-regional dependencies.
Related: Bitcoin miners should pay costs of removing money – LEDN EXEC
To ensure scaling from 6 to 25 eh/s, the CEO said they were locked in major ASIC orders, securing electricity access through long-term PPAs and expanded engineering capacity throughout the three continents to deal with market and technological uncertainty.
Bitcoin’s profitability of mining is ultimately an equation of physics
Kilic sees Bitcoin’s mining income as an equation of physics. He told Cointelegraph that capital and operational costs depend on the hashrate sensitive examination to find the most acclative way to fund their business through the BTC Treasury and ATM sales.
While the solo mining community may have more difficulty making income, the CEO suggests that the focus should be in variables it can control: “If you run a rig or ten thousand, it decreases in controlling inputs such as Opex, power costs, and machine time to drive pronounced outputs -Minimize downtime and discipline in treasury management. “
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