Paraguay: Hive plans 100MW hydroelectric cryptomine data center in Paraguay

Canadian cryptomining firm Hive Digital Technologies this week has announced plans to build a 100MW hydroelectricity-powered cryptomine data center in Paraguay. Hive said it will offer its “expertise in grid balancing and demand response” to support continued industrial development in Paraguay, while “monetizing surplus or under-monetized power assets.” 

Frank Holmes, Hive executive chairman, said: "We are thrilled to announce our plan for a 100MW project in Paraguay, utilizing green and clean energy sourced from the Itaipu hydroelectric dam. This potential opportunity is expected to add up to an additional 6.5 Exahash per second (EH/s) to our Bitcoin mining operations, increasing our global EH/s to 12.1 EH/s.” 

Holmes continued: “This represents a significant milestone in our diversified growth strategy and supports our commitment to expanding our global footprint with data center operations in Canada, Sweden, Iceland, and now Paraguay. We are confident that this venture can deliver healthy returns and drive long-term value, fostering economic growth and innovation in the region."