🇵🇾 Hive Digital (@HIVEDigitalTech), one of the world's largest public bitcoin miners, is making significant moves in Paraguay! At The Street's Roundtable, Executive Chairman Frank Holmes announced plans to expand operations, aiming for a 400% increase in capacity thanks to the country's abundant hydroelectric resources. ⚡️ Holmes highlighted Paraguay's unique advantages, stating, "We’re going to go up above 400%," as the nation offers a surplus of energy from the Itaipu dam, which is sold to bitcoin companies at higher rates than to Brazil. This expansion is seen as beneficial for the Paraguayan government, providing a steady stream of US dollars for electricity while helping to build local infrastructure. However, the recent power fee hikes aimed at bitcoin miners have raised concerns among some companies about the feasibility of operations in the country. 💵 Despite this, President Santiago Pena reassured that interest in mining remains strong. What do you think about Hive Digital's plans in Paraguay? Let us know your thoughts! 💬