Marathon Digital continues to expand its footprint as part of diversification efforts that double as cost-reduction measures ahead of the bitcoin halving.

The Florida-based bitcoin miner is building a new 27-megawatt project in Paraguay powered by hydro energy. This marks Marathon’s second international deployment, the company said Tuesday. 

Marathon is partnering with Penguin Infrastructure Holding to establish a new operation near Paraguay’s Itaipu Dam. The company said it aims to achieve 1.1 exahash per second (EH/s) of computing power by the beginning of next year.

Charlie Schumacher, Marathon’s vice president of corporate communications, told Blockworks in an email there are…

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