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

The Nasdaq-listed Bitcoin miner is betting that Paraguay's hydropower can feed the AI compute boom 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. 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.

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