HIVE Digital Technologies has invested over $250 million in data centers in Paraguay over the past 18 months. The company aims to establish an AI hub in the region, utilizing power from the Itaipu hydroelectric dam.
The firm currently operates 300 megawatts of capacity at its Paraguayan sites. HIVE plans to expand its Yguazu facility to 400 megawatts by the third quarter of 2026.
Total financial commitments, including infrastructure and energy procurement, exceed $400 million. The company entered the Paraguayan market in 2025 by acquiring a site from Bitfarms.
HIVE continues its Bitcoin mining operations, producing approximately 8.5 BTC per day. Additionally, the company is exporting compute capacity to the United States.
The organization reports creating over 300 local jobs, including 40 engineering roles. It has also launched educational initiatives providing Starlink connectivity and computers to local schools.
