Highlights

  • HIVE signs agreement to develop 100 MW hydroelectric-powered data center at Yguazú.
  • Expansion will bring Paraguay renewable capacity to 400 MW and global Bitcoin target to 35 EH/s in 2026.
  • Phase 3 builds on prior infrastructure, with commissioning expected in Q3 2026.

HIVE Digital Technologies Ltd. (TSXV:HIVE) (NASDAQ:HIVE) (FSE:YO0) confirmed it has signed a definitive agreement to develop an additional 100 megawatt (MW) hydroelectric-powered data-center campus at its Yguazú site in Paraguay. This expansion will raise HIVE’s total renewable energy capacity in Paraguay to 400 MW, supported by hydroelectric power from the Itaipú Dam. Management expects the facility to be the largest of its kind in the country and increase HIVE’s global Bitcoin target to 35 Exahash per second (EH/s) for 2026.

“Operating across nine time zones, five languages, and three nations, HIVE continues to execute with efficiency, innovation, and first-mover advantage. We've scaled Bitcoin mining from 6 EH/s at the start of the year to nearly 22 EH/s today, on track to reach 25 EH/s by year-end. With the advent of next generation ASIC miners, this additional 100 MW provides a path to a potential 35 EH/s in 2026—a milestone that reflects both our operational excellence and our global growth ambition,” said Frank Holmes, Executive Chairman.

Strategic Expansion Overview

Phase 3 follows the completion of Phase 1 in April 2025 and Phase 2 in September 2025, which brought Yguazú to its designed 300 MW capacity. Civil and electrical infrastructure has already been engineered for the 300 MW footprint, with construction of Phase 3 scheduled to begin in early 2026 and commissioning targeted for Q3 2026. Once operational, HIVE’s total renewable footprint across three countries will reach 540 MW—400 MW in Paraguay and 140 MW across Canada and Sweden.

Aydin Kilic, President & CEO, added: “This expansion strengthens both engines of our business model. Tier 1 Bitcoin mining drives cash flow and network share, while Tier 3 high-performance computing and AI—through BUZZ HPC—builds diversified growth in next-generation computing. Our strategic partnership with Bell Canada integrates BUZZ’s AI infrastructure with Bell’s national fiber network and data centers to deliver one of Canada’s most advanced sovereign AI ecosystems.”

Gabriel Lamas, Country President of HIVE Paraguay, commented: “This additional 100 MW expansion brings Yguazú to full design capacity. Our engineering teams are ready—civil works and substation pads are complete. This milestone strengthens Paraguay’s position as a regional hub for clean energy innovation and underscores HIVE’s role as a trusted infrastructure partner in Latin America.”

2026 Outlook

HIVE plans to continue scaling both its Tier 1 Bitcoin operations—targeting over 35 EH/s—and its Tier 3 HPC and AI cloud division, aiming for a fivefold increase in processing capacity for AI model training, inference services, and sovereign AI compute.