Mining companies shift to off-cycle operations: Paraguayan hydropower support, profit first or capacity first?

[Coin World] Listen to the new trends in the industry – HIVE Digital, a digital mining company, has recently adjusted its approach. Executive Chairman Frank Holmes revealed that the company has learned a lesson during the fluctuation of the Bitcoin cycle, and the focus is no longer on chasing trends, but rather on building a robust business that can withstand cycles.

How to do it? They placed their bets on Paraguay. Why? Because there is extremely cheap hydropower there. Everyone understands what low electricity costs mean – the profit margin for mining instantly widens. Based on this advantage, HIVE plans to achieve stable growth and efficient operations by 2026.

Interestingly, Holmes emphasized a hierarchy of priorities: profit margin > capacity expansion. In other words, it's not about who mines more, but about who earns steadily. This approach is indeed different from the previous "crazy expansion" strategy.

In addition, they are also exploring opportunities in AI and high-performance computing. It seems they want to leverage their identity as a digital infrastructure to play in a broader arena. Whether this layout can actually work, let's see how it performs in the future.