Hive Digital Technologies secured a deal to build a 100-megawatt hydroelectric-powered data center in Paraguay, expanding its renewable mining operations to 400 MW total capacity.
By José Rafael Peña Gholam
Editor Marco T. Lanz
Updated
3 mins read
Hive Digital Technologies has finalized an agreement to build a 100-megawatt hydroelectric-powered data center at its Yguazú site in Paraguay, marking a key step in its plan to increase global Bitcoin BTC $111 850 24h volatility: 0.9% Market cap: $2.23 T Vol. 24h: $95.54 B mining capacity to 35 exahashes per second (EH/s) by 2026.
This project is an extension of Hive’s current operations in the region, which began with the acquisition of Bitfarms’ operations in Paraguay in January 2025. It will push the total renewable mining capacity at the Paraguayan campus to 400 MW, making it the country’s largest facility of its kind. The new phase will utilize power from the Itaipú Dam, known for its low electricity costs and minimal carbon footprint.
According to Hive’s statements, the company has ramped up its global Bitcoin mining power from 6 EH/s at the start of 2025 to just under 22 EH/s as of October, and is targeting 25 EH/s by the end of the year.
The upcoming 100 MW expansion is scheduled to begin construction in early 2026, with full commissioning expected to be completed in the third quarter of that year. Alongside infrastructure growth, Hive plans a fivefold increase in its high-performance computing and AI operations, a trend that began in 2024, driven by the hype surrounding AI.
These plans are tied to strategic collaborations with partners, including Bell Canada, to bolster its computing footprint and reinforce long-term diversification in AI workloads.
Hive’s move strengthens Paraguay’s position as a Bitcoin mining hub, highlighting both economic and environmental benefits. The Yguazú site already produces 8.5 BTC per day, supporting local employment and investment in community infrastructure.
By leveraging renewable energy, Hive maintains low operational costs, which helps preserve profitability as competition drives global hashrates higher. Worth mentioning that Hive is one of the few miners that are investing in increasing its hashrate, according to Matthew Sigel, Head of Research at VanEck.
One of the few BTC miners still growing hash rate. https://t.co/za6WkMU9Tf
— matthew sigel, recovering CFA (@matthew_sigel) October 21, 2025
This movement is fueled by the Paraguayan government’s pro-crypto regulatory stance, which, by exempting mining energy use from taxes until 2027, provides an additional incentive for such investments. This only applies to crypto-regulated mining operations, which are very reactive against illegal Bitcoin miners.
Hive Digital Technologies’ recent advances in Paraguay, along with the completion of new facilities, have not had a significant effect on the performance of the equity markets. On October 21, the stocks are down 3.58%, but they rose by nearly 28% in a single day in early October 2025, with a weekly decrease of over 21% and a year-to-date gain of almost 85%, according to Yahoo! Finance.
HIVE stock price chart | Source: Yahoo! Finance
This new milestone not only signifies a significant step forward for Paraguay’s clean energy sector but also cements its position as a regional hub for mining innovation. It highlights HIVE’s ongoing commitment to infrastructure development and sustainable progress in Latin America and in the Bitcoin mining industry.
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José Rafael Peña Gholam is a cryptocurrency journalist and editor with 9 years of experience in the industry. He wrote at top outlets like CriptoNoticias, BeInCrypto, and CoinDesk. Specializing in Bitcoin, blockchain, and Web3, he creates news, analysis, and educational content for global audiences in both Spanish and English.
