Major Bitcoin Mining Expansion in Paraguay
Hive Digital has announced plans to significantly expand its hydroelectric-powered Yguazú data center in Paraguay, according to company reports. The 100MW expansion will bring the facility’s total capacity to 400MW, making it the largest of its kind in the country when completed.
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Renewable Energy Powered Operations
The expansion will continue to be powered entirely by hydroelectric power from the Itaipu Dam on the Paraná River, sources indicate. The dam, located on the border between Brazil and Paraguay, reportedly has an installed capacity of 14GW, comprising 20 turbines with 700MW capacity each. This renewable energy source positions the facility as one of the most sustainable large-scale Bitcoin mining operations globally., according to recent studies
Expansion Timeline and Capacity Goals
Construction on the expansion is expected to begin in early 2026, with full commissioning anticipated in Q3 2026, according to the company’s announcement. The report states this expansion will help increase Hive’s global Bitcoin mining target to 35 Exahash per second by 2026. The Yguazú site currently produces approximately 8.5 BTC per day, analysts suggest.
Strategic Vision and Government Support
“Our expansion in Paraguay reinforces Hive’s long-term vision: scaling sustainable, low-cost digital infrastructure powered entirely by renewable energy,” said Frank Holmes, Hive’s executive chairman, according to the company statement. The growth of Paraguay’s Bitcoin sector has been supported by the current government’s pro-crypto regulations, which have exempted mining energy use from taxes until 2027.
Infrastructure Readiness
Company officials indicated that preparations for the expansion are well underway. “This additional 100MW expansion brings Yguazú to full design capacity. Our engineering teams are ready—civil works and substation pads are complete,” said Gabriel Lamas, country president of Hive Paraguay, according to the announcement.
Global Renewable Footprint
Once the expansion is complete, sources indicate Hive will have a total renewable infrastructure footprint of 540MW across three countries. This includes the 400MW in Paraguay plus 140MW across facilities in Canada and Sweden. The company reportedly operates multiple sustainable mining operations, including sites that utilize waste heat for agricultural purposes.
Company Background and Diversification
Hive was founded in 2017 and has expanded beyond Bitcoin mining to include high-performance computing (HPC) and AI services, according to company information. The firm recently acquired a 7.2MW data center in Toronto, Canada, for HPC and AI applications, and operates cloud services under the Buzz brand with access to Nvidia computing resources.
The expansion follows the successful completion of Phase 1 in April 2025 and Phase 2 in September 2025, which brought the Paraguay facility to its current capacity of 300MW. The company initially acquired the site from Bitfarms in January 2025, according to reports.
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References
- http://en.wikipedia.org/wiki/Data_center
- http://en.wikipedia.org/wiki/Bitcoin
- http://en.wikipedia.org/wiki/Paraguay
- http://en.wikipedia.org/wiki/Hydroelectricity
- http://en.wikipedia.org/wiki/Mining
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