HIVE commits more than $250 million to build an AI hub in Paraguay

HIVE Digital Technologies has committed more than $250 million to data centers in Paraguay over the last 18 months. The aim is to help build an AI hub in the South American country. What HIVE is building The Nasdaq-listed company has put its money into Tier 1 data centers near the Itaipú hydroelectric dam. Those sites currently run at 300 megawatts (MW) of capacity. The next phase is bigger. HIVE plans to lift capacity to 400 MW at its Yguazú facility by the third quarter of 2026. Add energy procurement and infrastructure costs, and total commitments exceed $400 million. The $250 million figure is the data center spend. The larger number reflects the full cost of keeping the lights on and the machines humming. On the mining side, HIVE currently produces approximately 8.5 BTC per day from its operations. The company is also exporting compute capacity to the United States. HIVE refers to the next stage of these facilities as “Tier 3 AI factories.” Jobs, schools, and diplomacy HIVE’s leadership, including Executive Chairman Frank Holmes, has leaned heavily on the local impact story. The company says it has added more than 300 positions, including 40 new engineering roles. It has also ...