Several crypto-oriented organizational-Darunter Bitcoin (BTC) mining company observing a US return, which is principally driven by uncertain geopolitical tensions. Nevertheless, BTC Miner Hive Digital Technologies doubles the unused potential of the Latin American market (Latam).
In an exclusive interview with CoinTelegraph, the President and CEO of Hive Digital Technologies, Aydin Kilic, said that Paraguay offers a convincing long -term probability that is provided with “geopolitical stability, inexpensive water energy and a government that’s open to foreign investments”.
Collection from the position where Bitfarms were stopped
Hive acquired Bitfarms 200 Megawatt (MW) Yguazú for 56 million US dollars in January. The infrastructure of phase 1 of a 100 MW calculation center at the placement was accomplished in April and supported five exahashes per second (EH/S) of the application-specific mining circuit (ASIC).
Hive plans to expand to 300 MW mining facilities in Paraguay in 2025. It should increase its hashrate to 25 EH/S by September.
The CEO said Hive had spent strong, cooperative relationships with local interest groups in Paraguay for over a 12 months. “We are investing in local attitude, training programs and powerful providers. Our goal is to create a neighborhood support ecosystem that keeps the prices stable and at the identical time increases the operating time and efficiency,” he added.
While there was a proposed ban on the crypto mining in Paraguay resulting from the pressure that the country's power supply and the potential rising electricity prices exercise, Aydin said that her team is actively involved with the political decision -makers to support clarity and cooperation in mining laws.
Hive includes global diversification to secure yourself against geopolitical risks
Hive has data centers in Canada, Sweden and Paraguay. In contrast to his current Lata expansion, the miner moves his headquarters to San Antonio, Texas.
“Our growing presence in North and South America creates a balanced footprint that’s resisted opposite geopolitical or trade policy shocks,” said Kilic.
The US tariff in China raised concerns in regards to the increasing costs for mining devices corresponding to ASICs. Kilic informed Cintelegraph that they’ve diversified procurement channels for ASICs and electrical components to avoid individual regional dependencies.
In order to make sure the scaling from six to 25 EH/S, the CEO told the corporate that the corporate expanded vital ASIC orders, access to power supply through long-term electricity sales and the prolonged engineering capability to 3 continents to take care of market and technological uncertainties.
Profitability in Bitcoin -Mining is ultimately a physics equation
Kilic sees the Bitcoin mining gain as a physics equation. He informed Cintelegraph that capital and operating costs depend upon Hashrate sensitive analyzes with the intention to apply for essentially the most acckretitive technique to finance your online business via BTC Treasury and ATM sales.
While the solo mining community could have more difficulties to make profits, the CEO suggested that the main target ought to be on the variables that it will possibly control: “Whether you perform a RIG or ten thousand, it’s on the control of inputs corresponding to opex, electricity costs and machine expenses to reduce and minimize the energy efficiency minimize and to make the downtimes disciplined, disciplined in state management. “
