HIVE expands into Paraguay with AI Cloud JV backed by renewable power

Hive Digital Technologies Chief Financial Officer Darcy Daubaras joined Steve Darling from Proactive to announce the company’s expansion into Paraguay through a strategic joint venture with the country’s leading telecommunications operator. Through this partnership, HIVE is launching one of Paraguay’s first purpose-built artificial intelligence BUZZ Cloud platforms, marking a significant step in the company’s evolution from energy-led digital infrastructure toward advanced AI and high-performance computing services. Daubaras explained that the BUZZ Cloud platform is designed to deliver enterprise-grade AI and high-performance computing infrastructure to a broad range of customers, including academic and research institutions, enterprise clients, financial services firms, and healthcare providers. The platform is expected to serve not only Paraguay but also the wider South American region, positioning HIVE to participate in the growing demand for AI-enabled computing capacity across multiple industries. The initial deployment of the BUZZ Cloud platform is expected to begin in the first quarter of 2026, starting with an enterprise-grade GPU cluster optimized for artificial intelligence training, inference, and other data-intensive workloads. The platform has been designed with scalability in mind and is expected to expand over time in response to customer demand and capital availability. The joint venture leverages several strategic advantages, including Paraguay’s abundant and low-cost renewable hydroelectric power, the national fiber network of the country’s largest telecommunications operator, and enterprise-grade data center operations. This expansion builds on HIVE’s established digital infrastructure footprint in Paraguay, where the company has already developed and operated Tier I data centers and associated electrical substations supported by large-scale access to renewable hydroelectric energy. HIVE views its Bitcoin mining operations as a foundational element of this strategy, using mining to build high-quality data center infrastructure and substations that monetize surplus or stranded electricity by converting energy into sustainable economic value. Daubaras emphasized that HIVE’s long-term strategy in Paraguay is centered on a multi-year vision to transition energy-led digital infrastructure into scalable AI and data center capacity. By combining renewable energy resources, robust telecommunications infrastructure, and purpose-built AI platforms, HIVE aims to establish a durable presence in Paraguay while supporting the region’s growing digital economy. #proactiveinvestors #hivedigitaltechnologieslet #tsxv #hive #nasdaq #hive #CryptoMining #GreenEnergy #BitcoinMining #ParaguayMining #DataCenter #Exahash #S21Miners #DigitalAssets #ProactiveInvestors