Mining company Hive Digital invests over $60 million to purchase 13,480 Bit mainland Antminer S21+ Hydros Mining Rigs

BlockBeats news, on December 4th, according to Decrypt, Canadian mining company Hive Digital announced an investment of over 60 million US dollars to purchase 13,480 Bitmain Antminer S21+ Hydros Mining Rigs, in order to expand its business in Paraguay. These Mining Rigs can provide 4.3 EH/s Computing Power. Hive Digital also has the option to purchase the same product with 4.3 EH/s, which can be exercised within one year to expand the Mining Rig Computing Power to 8.6 EH/s, and plans to reach 15 EH/s by the summer of 2025. Frank Holmes, Executive Chairman of Hive Digital, stated that once fully deployed, the expansion to 15 EH/s will "drive Hive's annual revenue to over 300 million US dollars and bring in over 200 million US dollars in Mining profits".