October 23, 2025
Bitcoin mining and high-performance computing (HPC) firm Hive Digital Technologies has unveiled plans for a significant 100-megawatt (MW) expansion of its Yguazú data center in Paraguay. This latest development will bring the facility's total capacity to 400MW, solidifying its position as a major player in the sustainable digital infrastructure sector.
The Yguazú data center is powered exclusively by hydroelectric energy sourced from the nearby Itaipu Dam, one of the world's largest power stations situated on the Paraná River between Brazil and Paraguay. The dam boasts an installed capacity of 14 gigawatts (GW).
According to the company's announcement, construction on the new 100MW phase is slated to begin in early 2026, with full commissioning expected by the third quarter of the same year. This expansion is a key component of Hive's strategy to increase its global Bitcoin mining hashrate target to 35 exahashes per second (EH/s) by 2026.
Frank Holmes, Executive Chairman of Hive, emphasized the strategic importance of the project. “Our expansion in Paraguay reinforces Hive’s long-term vision: scaling sustainable, low-cost digital infrastructure powered entirely by renewable energy,” Holmes stated. “Operating across nine time zones, five languages, and three nations, Hive continues to execute with efficiency, innovation, and first-mover advantage.”
The upcoming expansion follows the successful completion of Phase 1 in April 2025 and Phase 2 in September 2025, which collectively brought the facility to its current operational capacity of 300MW. Hive initially acquired the site from fellow miner Bitfarms in January 2025.
The Yguazú site is already a significant producer, currently generating approximately 8.5 BTC daily. Upon completion, the 400MW facility will be the largest of its kind in Paraguay. The growth of the nation's Bitcoin mining industry has been bolstered by pro-crypto regulations from the current government, which has exempted mining energy use from taxes until 2027.
Gabriel Lamas, Country President of Hive Paraguay, confirmed that preparations for the final phase 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,” Lamas said.
Once the Paraguayan expansion is finalized, Hive's total renewable energy infrastructure footprint will reach 540MW across its three countries of operation: Paraguay (400MW), Canada, and Sweden (a combined 140MW).
Founded in 2017, Hive has diversified its operations to serve both Bitcoin mining and HPC clients. The company's Hive Cloud service offers access to advanced GPUs, including Nvidia H100s and H200s, with a total cloud capacity of 2.2MW across data centers in Stockholm, Sweden, and Montreal, Canada.
In a notable commitment to energy efficiency, Hive utilizes waste heat from its operations for community benefit. Its 30MW site in Lachute, Quebec, provides heat to a 200,000-square-foot swimming pool factory, while a soon-to-be-operational project in Boden, Sweden, will heat a 90,000-square-foot greenhouse for growing tomatoes and cucumbers.
SOURCE DCD
