HIVE Digital Technologies plans a 100MW Bitcoin mining facility in Paraguay.
The company aims to boost its revenues by increasing the hash rate to 12.1 EH/s.
HIVE
Digital Technologies Ltd., the Bitcoin miner from Wall Street (Nasdaq: HIVE)
announced plans to construct a 100-megawatt BTC mining operation in Paraguay,
aiming to double its revenue and significantly boost its hashrate capacity.
Wall Street Bitcoin Miner
Plans 100MW Bitcoin Mine in Paraguay, Targets Revenue Boost
The
Vancouver-based company, which specializes in green-focused data centers,
intends to power the facility using clean energy from the Itaipu hydroelectric
dam. This expansion is expected to increase HIVE's global Bitcoin mining
capacity from 5.6 to 12.1 exahash per second (EH/s) within the next year.
Frank Holmes, Executive Chairman of HIVE
"This
represents a significant milestone in our diversified growth strategy," Frank
Holmes, HIVE's Executive Chairman, commented. "We are confident that this
venture can deliver healthy returns and drive long-term value, fostering
economic growth and innovation in the region."
The
announcement follows meetings between HIVE executives and Paraguayan President
Santiago Peña, during which the company endorsed Paraguay's business-friendly
environment. HIVE emphasized that government stability in areas such as energy
pricing and taxation would be crucial for future expansion considerations.
Last week, Marathon Digital, another Bitcoin miner from Wall Street, also made headlines when it was ordered to pay $138 million to the founder of a competing mining company. Michael Ho from Hut 8 allegedly developed a growth strategy for Marathon but did not receive the appropriate compensation.
The
proposed data center is projected to generate over $100 million in US dollar
revenue for Paraguay's utility company over the next three years. HIVE plans to
leverage its experience in grid balancing and demand response to support
industrial development in the country.
Last year,
the company rebranded from HVE Blockchain to Digital to reflect the evolving
nature of its business. In addition to focusing on cryptocurrency mining, the
company expanded into high-performance computing (HPC) data centers and the
growing trend of mass adoption of Artificial Intelligence (AI).
HIVE Buys 500 Mining Rigs
Luke Rossy,
HIVE's Chief Operating Officer, also revealed the acquisition of 500 Bitmain
S21 Pro Antminers, the latest in mining technology. "These units are
expected to ship this month and are integral to the Company's strategy of
continually upgrading its fleet while growing its HODL position," Rossy
explained.
As of July
21, 2024, HIVE reported holding 2,521 Bitcoin, up from 2,496 at the end of
June. With Bitcoin's current market value, this represents over $170 million in
digital assets on the company's balance sheet.
According
to the latest financial report from the publicly traded miner, the company
achieved an annual revenue of $114.5 million and an adjusted EBITDA of $37.5
million in the fiscal year 2024. Over the 12 months ending March 31, 2024, the
company mined 3,123 Bitcoin and held 2,287 Bitcoin, valued at $161.3 million on
its year-end balance sheet.
The
Paraguay project remains subject to final agreements, due diligence, board
approval, and regulatory clearances. HIVE stated that further details will be provided in the near future.
HIVE
Digital Technologies Ltd., the Bitcoin miner from Wall Street (Nasdaq: HIVE)
announced plans to construct a 100-megawatt BTC mining operation in Paraguay,
aiming to double its revenue and significantly boost its hashrate capacity.
Wall Street Bitcoin Miner
Plans 100MW Bitcoin Mine in Paraguay, Targets Revenue Boost
The
Vancouver-based company, which specializes in green-focused data centers,
intends to power the facility using clean energy from the Itaipu hydroelectric
dam. This expansion is expected to increase HIVE's global Bitcoin mining
capacity from 5.6 to 12.1 exahash per second (EH/s) within the next year.
Frank Holmes, Executive Chairman of HIVE
"This
represents a significant milestone in our diversified growth strategy," Frank
Holmes, HIVE's Executive Chairman, commented. "We are confident that this
venture can deliver healthy returns and drive long-term value, fostering
economic growth and innovation in the region."
The
announcement follows meetings between HIVE executives and Paraguayan President
Santiago Peña, during which the company endorsed Paraguay's business-friendly
environment. HIVE emphasized that government stability in areas such as energy
pricing and taxation would be crucial for future expansion considerations.
Last week, Marathon Digital, another Bitcoin miner from Wall Street, also made headlines when it was ordered to pay $138 million to the founder of a competing mining company. Michael Ho from Hut 8 allegedly developed a growth strategy for Marathon but did not receive the appropriate compensation.
The
proposed data center is projected to generate over $100 million in US dollar
revenue for Paraguay's utility company over the next three years. HIVE plans to
leverage its experience in grid balancing and demand response to support
industrial development in the country.
Last year,
the company rebranded from HVE Blockchain to Digital to reflect the evolving
nature of its business. In addition to focusing on cryptocurrency mining, the
company expanded into high-performance computing (HPC) data centers and the
growing trend of mass adoption of Artificial Intelligence (AI).
HIVE Buys 500 Mining Rigs
Luke Rossy,
HIVE's Chief Operating Officer, also revealed the acquisition of 500 Bitmain
S21 Pro Antminers, the latest in mining technology. "These units are
expected to ship this month and are integral to the Company's strategy of
continually upgrading its fleet while growing its HODL position," Rossy
explained.
As of July
21, 2024, HIVE reported holding 2,521 Bitcoin, up from 2,496 at the end of
June. With Bitcoin's current market value, this represents over $170 million in
digital assets on the company's balance sheet.
According
to the latest financial report from the publicly traded miner, the company
achieved an annual revenue of $114.5 million and an adjusted EBITDA of $37.5
million in the fiscal year 2024. Over the 12 months ending March 31, 2024, the
company mined 3,123 Bitcoin and held 2,287 Bitcoin, valued at $161.3 million on
its year-end balance sheet.
The
Paraguay project remains subject to final agreements, due diligence, board
approval, and regulatory clearances. HIVE stated that further details will be provided in the near future.
Damian's adventure with financial markets began at the Cracow University of Economics, where he obtained his MA in finance and accounting. Starting from the retail trader perspective, he collaborated with brokerage houses and financial portals in Poland as an independent editor and content manager. His adventure with Finance Magnates began in 2016, where he is working as a business intelligence analyst.
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Hannah Hill on Innovation, Branding & Award-Winning Technology | Executive Interview | AXI
Hannah Hill on Innovation, Branding & Award-Winning Technology | Executive Interview | AXI
Recorded live at FMLS:25, this executive interview features Hannah Hill, Head of Brand and Sponsorship at AXI, in conversation with Finance Magnates, following AXI’s win for Most Innovative Broker of the Year 2025.
In this wide-ranging discussion, Hannah shares insights on:
🔹What winning the Finance Magnates award means for AXI’s credibility and innovation
🔹How the launch of AXI Select, the capital allocation program, is redefining industry standards
🔹The development and rollout of the AXI trading app across multiple markets
🔹Driving brand evolution alongside technological advancements
🔹Encouraging and recognizing teams behind the scenes
🔹The role of marketing, content, and social media in building product awareness
Hannah explains why standout products, strategic branding, and a focus on innovation are key to growing visibility and staying ahead in a competitive brokerage landscape.
🏆 Award Highlight: Most Innovative Broker of the Year 2025
👉 Subscribe to Finance Magnates for more executive interviews, industry insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #MostInnovativeBroker #TradingTechnology #FinTech #Brokerage #ExecutiveInterview #AXI
Recorded live at FMLS:25, this executive interview features Hannah Hill, Head of Brand and Sponsorship at AXI, in conversation with Finance Magnates, following AXI’s win for Most Innovative Broker of the Year 2025.
In this wide-ranging discussion, Hannah shares insights on:
🔹What winning the Finance Magnates award means for AXI’s credibility and innovation
🔹How the launch of AXI Select, the capital allocation program, is redefining industry standards
🔹The development and rollout of the AXI trading app across multiple markets
🔹Driving brand evolution alongside technological advancements
🔹Encouraging and recognizing teams behind the scenes
🔹The role of marketing, content, and social media in building product awareness
Hannah explains why standout products, strategic branding, and a focus on innovation are key to growing visibility and staying ahead in a competitive brokerage landscape.
🏆 Award Highlight: Most Innovative Broker of the Year 2025
👉 Subscribe to Finance Magnates for more executive interviews, industry insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #MostInnovativeBroker #TradingTechnology #FinTech #Brokerage #ExecutiveInterview #AXI
Executive Interview | Dor Eligula | Co-Founder & Chief Business Officer, BridgeWise | FMLS:25
Executive Interview | Dor Eligula | Co-Founder & Chief Business Officer, BridgeWise | FMLS:25
In this session, Jonathan Fine form Ultimate Group speaks with Dor Eligula from Bridgewise, a fast-growing AI-powered research and analytics firm supporting brokers and exchanges worldwide.
We start with Dor’s reaction to the Summit and then move to broker growth and the quick wins brokers often overlook. Dor shares where he sees “blue ocean” growth across Asian markets and how local client behaviour shapes demand.
We also discuss the rollout of AI across investment research. Dor gives real examples of how automation and human judgment meet at Bridgewise — including moments when analysts corrected AI output, and times when AI prevented an error.
We close with a practical question: how retail investors can actually use AI without falling into common traps.
In this session, Jonathan Fine form Ultimate Group speaks with Dor Eligula from Bridgewise, a fast-growing AI-powered research and analytics firm supporting brokers and exchanges worldwide.
We start with Dor’s reaction to the Summit and then move to broker growth and the quick wins brokers often overlook. Dor shares where he sees “blue ocean” growth across Asian markets and how local client behaviour shapes demand.
We also discuss the rollout of AI across investment research. Dor gives real examples of how automation and human judgment meet at Bridgewise — including moments when analysts corrected AI output, and times when AI prevented an error.
We close with a practical question: how retail investors can actually use AI without falling into common traps.
Brendan Callan joined us fresh off the Summit’s most anticipated debate: “Is Prop Trading Good for the Industry?” Brendan argued against the motion — and the audience voted him the winner.
In this interview, Brendan explains the reasoning behind his position. He walks through the message he believes many firms avoid: that the current prop trading model is too dependent on fees, too loose on risk, and too confusing for retail audiences.
We discuss why he thinks the model grew fast, why it may run into walls, and what he believes is needed for a cleaner, more responsible version of prop trading.
This is Brendan at his frankest — sharp, grounded, and very clear about what changes are overdue.
Brendan Callan joined us fresh off the Summit’s most anticipated debate: “Is Prop Trading Good for the Industry?” Brendan argued against the motion — and the audience voted him the winner.
In this interview, Brendan explains the reasoning behind his position. He walks through the message he believes many firms avoid: that the current prop trading model is too dependent on fees, too loose on risk, and too confusing for retail audiences.
We discuss why he thinks the model grew fast, why it may run into walls, and what he believes is needed for a cleaner, more responsible version of prop trading.
This is Brendan at his frankest — sharp, grounded, and very clear about what changes are overdue.
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Elina Pedersen on Growth, Stability & Ultra-Low Latency | Executive Interview | Your Bourse
Recorded live at FMLS:25 London, this executive interview features Elina Pedersen, in conversation with Finance Magnates, following her company’s win for Best Connectivity 2025.
🔹In this wide-ranging discussion, Elina shares insights on:
🔹What winning a Finance Magnates award means for credibility and reputation
🔹How broker demand for stability and reliability is driving rapid growth
🔹The launch of a new trade server enabling flexible front-end integrations
🔹Why ultra-low latency must be proven with data, not buzzwords
🔹Common mistakes brokers make when scaling globally
🔹Educating the industry through a newly launched Dealers Academy
🔹Where AI fits into trading infrastructure and where it doesn’t
Elina explains why resilient back-end infrastructure, deep client partnerships, and disciplined focus are critical for brokers looking to scale sustainably in today’s competitive market.
🏆 Award Highlight: Best Connectivity 2025
👉 Subscribe to Finance Magnates for more executive interviews, industry insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #BestConnectivity #TradingTechnology #UltraLowLatency #FinTech #Brokerage #ExecutiveInterview
Recorded live at FMLS:25 London, this executive interview features Elina Pedersen, in conversation with Finance Magnates, following her company’s win for Best Connectivity 2025.
🔹In this wide-ranging discussion, Elina shares insights on:
🔹What winning a Finance Magnates award means for credibility and reputation
🔹How broker demand for stability and reliability is driving rapid growth
🔹The launch of a new trade server enabling flexible front-end integrations
🔹Why ultra-low latency must be proven with data, not buzzwords
🔹Common mistakes brokers make when scaling globally
🔹Educating the industry through a newly launched Dealers Academy
🔹Where AI fits into trading infrastructure and where it doesn’t
Elina explains why resilient back-end infrastructure, deep client partnerships, and disciplined focus are critical for brokers looking to scale sustainably in today’s competitive market.
🏆 Award Highlight: Best Connectivity 2025
👉 Subscribe to Finance Magnates for more executive interviews, industry insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #BestConnectivity #TradingTechnology #UltraLowLatency #FinTech #Brokerage #ExecutiveInterview
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We break down Blueberry’s regulatory structure, including its Australian Financial Services License (AFSL), as well as its authorisation and registrations in other jurisdictions. The review also covers supported platforms such as MetaTrader 4, MetaTrader 5, cTrader, TradingView, Blueberry.X, and web-based trading.
You’ll learn about available instruments across forex, commodities, indices, share CFDs, and crypto CFDs, along with leverage options, minimum and maximum trade sizes, and how Blueberry structures its Standard and Raw accounts.
We also explain spreads, commissions, swap rates, swap-free account availability, funding and withdrawal methods, processing times, and what traders can expect from customer support and additional services.
Watch the full review to see whether Blueberry’s trading setup aligns with your experience level, strategy, and risk tolerance.
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
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#Blueberry #BlueberryMarkets #BrokerReview #ForexBroker #CFDTrading #OnlineTrading #FinanceMagnates #TradingPlatforms #MarketInsights
In this video, we take an in-depth look at @BlueberryMarketsForex , a forex and CFD broker operating since 2016, offering access to multiple trading platforms, over 1,000 instruments, and flexible account types for different trading styles.
We break down Blueberry’s regulatory structure, including its Australian Financial Services License (AFSL), as well as its authorisation and registrations in other jurisdictions. The review also covers supported platforms such as MetaTrader 4, MetaTrader 5, cTrader, TradingView, Blueberry.X, and web-based trading.
You’ll learn about available instruments across forex, commodities, indices, share CFDs, and crypto CFDs, along with leverage options, minimum and maximum trade sizes, and how Blueberry structures its Standard and Raw accounts.
We also explain spreads, commissions, swap rates, swap-free account availability, funding and withdrawal methods, processing times, and what traders can expect from customer support and additional services.
Watch the full review to see whether Blueberry’s trading setup aligns with your experience level, strategy, and risk tolerance.
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
🔗 LinkedIn: /financemagnates
👍 Facebook: /financemagnates
📸 Instagram: https://www.instagram.com/financemagnates
🐦 X: https://x.com/financemagnates
🎥 TikTok: https://www.tiktok.com/tag/financemagnates
▶️ YouTube: /@financemagnates_official
#Blueberry #BlueberryMarkets #BrokerReview #ForexBroker #CFDTrading #OnlineTrading #FinanceMagnates #TradingPlatforms #MarketInsights
