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

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. What HIVE has built so far HIVE currently runs 300 MW of operating capacity in Paraguay. That capacity is split between two sites, one in Valenzuela and one in Yguazú. The current setup is generating approximately 8.5 BTC per day. That is the steady drip of new Bitcoin the company earns for securing the network with its computing power. A Phase 3 expansion aims to lift the Yguazú site to a total capacity of 400 MW by the third quarter of 2026. The $250 million figure is not the full tab, either. Total commitments to the Paraguay operations are reported to exceed $400 million, covering everything from construction to energy procurement. The project has created more than 300 high-paying...