According to the crypto mining operation Pow.re Holdings Limited, the firm announced that it has begun construction of two new mining facilities in Asunción, Paraguay. The new data centers will manage 12 megawatts (MW) of hydroelectric power, and the firm has also acquired 3,600 Microbt Whatsminer mining rigs that produce roughly 396 petahash per second (PH/s) of hashrate.

Pow.re Holdings Limited Commences Mining Facility Construction in Paraguay

On October 13, Pow.re revealed that the company has commenced the construction of two new bitcoin mining facilities in Paraguay. The first site is expected to be fully operational by the end of 2022’s fourth quarter and the second should be readied by Q1 2023. The company says that the expansion will add a lot more hashpower to the firm’s operations and it hopes to achieve 0.5 exahash per second (EH/s) by Q2 2023.

Just recently, Pow.re was in the news after it was revealed that Quebec’s Mohawk Council of Kahnawake was seeking power for crypto mining opportunities. The report noted that Pow.re was working with members of the Kahnawake council. As far as the latest expansion in Paraguay is concerned, Pow.re’s co-founder and COO SJ Oh explained that the project stems from “two years of due diligence” coming to fruition.

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