Hive Digital buys 6,500 ASICs, starts Paraguay construction

They will enhance Hive Digitals hash rate from 5.6 EH/s to 6 EH/s by March, the business said.Shortly after the conclusion of the ASICs delivery, 30 MW of mining capacity is anticipated to come online in Paraguay, bringing Hive Digitals hash rate to 8 EH/s by the end of the 2nd quarter. Canaan announced the sale of 3,800 Avalon A1566I Immersion Cooling Miners to miner CleanSpark at the start of the month.Related: BTC miners are perfect energy customers, but regulators require to capture up– HiveHive Digital changes with the timesHive Digitals expansion to Paraguay was announced in July. Source: HIVE Digital TechnologiesIn addition to Paraguay, Hive Digital has facilities in Canada with over 100 MW of capacity, and in Sweden and Iceland, where they have 46 MW combined.Hive Digital reassessed its company model after the Ethereum Merger, when that blockchain transitioned from evidence of work, which Hive Digital had actually contributed to, to proof of stake.