Hive Digital Technologies just flipped the script on Bitcoin mining sustainability with their massive 300 MW operation in Paraguay, cranking out 18 exahashes per second purely from Itaipú Dam’s hydroelectric power. No coal, no natural gas—just clean water energy generating 8.5 Bitcoins daily at current $105,000 prices. They’re expanding to 25 EH/s by September 2025 after snagging Bitfarms’ facility for $56 million. Turns out you can mine crypto without destroying the planet—there’s more to this green revolution.
Paraguay just became home to one of the world’s largest hydro-powered Bitcoin mining operations, and it’s massive. Hive Digital Technologies is running a 300 MW beast across two sites that’s rewriting the playbook on sustainable crypto mining.
The numbers are staggering. The operation cranks out 18 exahashes per second right now, with plans to hit 25 EH/s by September 2025. That translates to more than 8.5 Bitcoins daily, all powered by clean hydroelectric energy from the Itaipú Dam. No coal. No natural gas. Just pure water power. With Bitcoin’s price hovering around market price $105,000, the operation generates substantial daily revenue.
Hive didn’t mess around with their expansion timeline either. They snatched up Bitfarms’ 200 MW Yguazú facility for $56 million in January 2025 and had 100 MW of mining hardware humming shortly after. Phase two wrapped up by mid-2025, adding another 200 MW to the mix. Phase three will tack on 100 MW more by late 2025.
Hive’s aggressive expansion delivered 300 MW of Bitcoin mining capacity across three phases in under twelve months.
The efficiency gains are impressive too. Their fleet currently operates at 18.5 joules per terahash, with goals to hit 16.5 J/TH. Those ASICs are specifically designed for low-energy, high-efficiency operations, complete with advanced hydro cooling systems that make the most of Paraguay’s climate.
But here’s what makes this really interesting: Paraguay isn’t just another crypto mining destination. The country offers geopolitical stability, government policies that actually make sense, and abundant renewable energy resources. Hive recognized this goldmine of conditions and planted their flag accordingly.
The economic ripple effects aren’t trivial either. Hive pumps monthly U.S. dollar payments directly into Paraguay’s national utility company, ANDE, supporting local infrastructure development. The company maintains a predictable cost structure through its fixed-rate hydroelectric power agreements. Local jobs follow the money, creating high-quality employment opportunities in a region that can use them. Beyond hiring, Hive has invested in local partnerships with Paraguayan vendors and training programs to build sustainable support systems.
Hive’s dual business model combines Bitcoin mining with high-performance computing, including AI cloud services. It’s a hedge that positions them beyond just crypto volatility.
The operation demonstrates something that seemed impossible a few years ago: massive-scale Bitcoin mining that doesn’t torch the environment. Paraguay’s hydroelectric abundance makes it work, and Hive is capitalizing on every megawatt of clean energy available.
