Hive Expands Bitcoin Mining in Paraguay with 300MW Capacity by September 2025

Hive Digital Technologies, a prominent Bitcoin mining company, has announced its strategic expansion into Paraguay, aiming to establish the region as a long-term clean-energy mining center. This move comes as the company shifts its focus away from short-term regional arbitrage, emphasizing the importance of geopolitical stability, abundant hydroelectric resources, and a government receptive to foreign investment.

In January 2025, Hive made a significant acquisition by purchasing Bitfarms’ 200-megawatt (MW) Yguazú facility for $56 million. Situated near Paraguay’s Itaipu Dam, one of the world’s largest hydroelectric power plants, this facility provides a substantial energy advantage. By April, Hive had completed the initial development phase, activating 100 MW of mining hardware and achieving a hashrate of five exahashes per second (EH/s) using application-specific integrated circuits (ASICs).

Looking ahead, Hive plans to further enhance Paraguay’s mining capacity to 300 MW and increase its hashrate to 25 EH/s by September 2025. This upgrade is expected to bolster the company’s global mining presence significantly.

Hive’s leadership has emphasized the importance of local partnerships and community engagement. Over the past year, the company has cultivated strong relationships with Paraguayan stakeholders, investing in local hiring, vendor relationships, and training programs. The goal is to create a sustainable support system that stabilizes costs, maximizes operational uptime, and enhances energy efficiency.

Despite Paraguay’s history of regulatory risks, including past threats to ban crypto mining due to high electricity consumption, Hive is actively engaging with policymakers to promote proactive, transparent, and cooperative policies on mining.

Hive’s expansion into Latin America aligns with its global strategy, which includes existing data centers in Canada and Sweden. The company is also relocating its corporate headquarters to San Antonio, Texas, further strengthening its presence in North America. This geographic diversification is part of a broader risk reduction strategy, aimed at mitigating global risks and ensuring operational resilience.

In response to recent U.S. government tariffs on Chinese mining hardware, Hive has diversified its supply chains for ASICs and electrical components, reducing reliance on single-region supply chains. The company has secured long-term power purchase agreements and developed engineering capacity on three continents to support its aggressive scaling plans.

Hive’s approach to Bitcoin mining is grounded in optimizing key variables such as operating costs, energy efficiency, and uptime to produce reliable output. The company remains cash-disciplined, managing its BTC treasury and ATM sales to fuel growth. Hive’s Paraguay operation is a long-term strategy focused on energy efficiency, regulatory cooperation, and global resilience in the face of an evolving Bitcoin mining landscape.