HIVE pours over $250 million into Paraguay data centers near the Itaipú Dam

The Nasdaq-listed Bitcoin miner has created more than 300 jobs and is expanding its hydro-powered footprint toward 400 MW HIVE Digital Technologies has put more than $250 million into Tier 1 data centers in Paraguay over the last 18 months. The money has bought it a hydro-powered operation that a senior US official suggested could be the largest foreign private investment the country has ever seen. The Nasdaq-listed company is best known for Bitcoin mining and data center operations. Its Paraguay buildout is anchored to power from the Itaipú Dam, one of the largest power facilities in the world, with a capacity of 14 GW. HIVE currently runs 300 MW of operating capacity in Paraguay. That capacity is split between two sites, one in Valenzuela and one in Yguazú.

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