Hive Digital Expands Global Footprint With Massive Bitcoin Mining Facility in Paraguay

Hive Digital has officially launched a major new Bitcoin mining operation in Paraguay, marking a strategic expansion into Latin America’s growing crypto infrastructure landscape. The new facility, with a capacity of 100 megawatts, positions the company among the most significant players in the region’s digital asset mining sector.

This move comes as part of Hive Digital’s broader effort to diversify its mining operations and tap into regions with abundant, low-cost renewable energy. Paraguay, known for its surplus hydropower thanks to the Itaipú and Yacyretá dams, offers an ideal environment for energy-intensive industries like Bitcoin mining.

The fully operational site not only enhances Hive’s total global capacity but also strengthens its long-term commitment to sustainable and scalable mining. By leveraging green energy in Paraguay, the company aims to reduce operational costs while aligning with environmental targets.

News of the launch had an immediate impact on the market. Hive Digital’s stock saw a modest uptick, reflecting investor confidence in the company’s international strategy and its ability to execute large-scale infrastructure projects efficiently.

As the global mining landscape continues to shift toward regions with renewable energy access and crypto-friendly policies, Hive’s expansion into Paraguay could signal a trend for other companies seeking resilient and cost-effective locations for growth.