If you are a Home delivery print subscriber, online access is included in your subscription. Activate your Online Access Now
The buildout of Phase 2 at the Company’s Yguazú campus is progressing steadily, with over 2 EH/s of next-generation Bitmain S21+ Hydro ASIC miners now active at the site. Upon full deployment, the Company anticipates that Phase 2 will host approximately 6.5 EH/s of computation power, propelling the Company toward its near-term goal of aggregate global hashpower of 18 EH/s by the end of August 2025.
Phase 2 at Yguazú Hydro Containers coming online
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5335/259908_hive1.jpg
“Our climb to 13 EH/s is the result of researched planning and focused execution across the organization,” said Frank Holmes, Co-Founder and Executive Chairman. “Every Exahash of the latest high-efficiency Bitmain S21+ ASIC miners we add is expected to reduce unit costs, thereby expanding margins, and amplifying the value of every Bitcoin earned by the Company through its hashpower. Management believes that this milestone signifies not only growth, but the realization of its strategic hashpower acceleration. At HIVE, scaling means stronger economics, greater efficiency, and smarter capital deployment.”
Read more on The Kingston Whig-Standard
