HIVE (NASDAQ: HIVE) is expanding its high performance compute (HPC) business line into Paraguay, where it currently operates 300 MW of bitcoin mining infrastructure.
The new project, branded BUZZ Cloud, will be hosted within a Tier III data center in Asunción starting in the first quarter of 2026. HIVE has established a joint venture with a Paraguayan telecommunications company to launch the project.
HIVE said the deployment targets academic institutions, financial firms, and healthcare providers across South America.
Management plans to scale the HPC project using Paraguay’s renewable hydroelectric power and its partner’s national fiber network. HIVE currently operates 300 MW of bitcoin mining infrastructure in the country, with near-term plans to add 100 MW to these operations.
The expansion occurs amidst a backdrop of strengthening institutional ties between Paraguay and the United States.
U.S. officials signed a Status of Forces Agreement with the Paraguayan government in December 2025, a move HIVE cites as evidence of a stable investment climate. The company believes these conditions support long-term capital allocation in the region.
Header image by Tobias Meza via Unsplash.
