HIVE Digital Technologies is focusing on Latin America, particularly Paraguay, for long-term, stable, and low-cost clean energy partnerships to support Bitcoin mining. The company acquired a 200 MW facility in Paraguay and plans to expand to 300 MW by 2025, aiming to increase its hashrate to 25 EH/s. HIVE emphasizes local hiring, training, and vendor partnerships to create a supportive ecosystem. Despite proposed crypto mining bans in Paraguay, HIVE is working with policymakers to clarify mining legislation. The company also maintains data centers in Canada and Sweden and is relocating its headquarters to Texas to balance geopolitical risks. HIVE has diversified its sourcing for mining equipment to mitigate supply risks and secured long-term power agreements to support scaling. CEO Aydin Kilic highlights the importance of operational efficiency, energy cost control, and disciplined treasury management for mining profitability.

HIVE

Several crypto-focused organizations — including Bitcoin ( BTC ) mining companies — are eyeing a US return, primarily driven by uncertain geopolitical tensions. Still, BTC miner HIVE Digital Technologies is doubling down on the untapped potential of the Latin American market. In an exclusive interview with Cointelegraph, HIVE Digital Technologies’ president and CEO, Aydin Kilic, said that Paraguay presents a compelling long-term opportunity equipped with “geopolitical stability, low-cost hydro energy, and a government open to foreign investment”. HIVE acquired Bitfarms’ 200 MW Yguazú facility for $56 million in January . Phase 1 infrastructure of a 100 MW data center at the site was completed in April, supporting 5 EH/s of Application-Specific Integrated Circuit (ASIC) mining. HIVE plans to expand to 300 megawatts (MW) of mining facilities in Paraguay in 2025. It aims to increase the hashrate to 25 exahash per second (EH/s) by September. Related: Bitfarms sells Paraguay site to Hive for $85M, refocuses on US The CEO said HIVE has spent over a year cultivating strong, cooperative relationships with local stakeholders in Paraguay. “We are investing in local hiring, training programs, and strong vendor partnerships. Our goal is to create a local ecosystem of support that keeps costs stable while boosting uptime and efficiency,” he added. While there was a proposed ban on crypto mining in Paraguay due to the pressure it poses on the country’s electricity supply and potential rising electricity prices, Aydin said that their team is actively involved with policymakers to support clarity and cooperation in mining legislation. HIVE has data centers in Canada, Sweden and Paraguay. Contrasting with its ongoing LATAM expansion, the miner is relocating its headquarters to San Antonio, Texas. “Our growing presence in North and South America creates a balanced footprint resilient to geopolitical or trade policy shocks,” Kilic said. The US tariff on China raised concerns about the rising cost of mining equipment, like ASICs. Kilic told Cointelegraph that they have diversified sourcing channels for ASICs and electrical components to avoid single-region dependencies. Related: Bitcoin miners should pay costs in depreciating currency — Ledn exec To ensure scaling from 6 to 25 EH/s, the CEO said they have locked in key ASIC orders, secured power access through long-term PPAs and expanded engineering capacity across three continents to deal with market and technological uncertainties. Kilic sees Bitcoin mining profit as a physics equation. He told Cointelegraph that capital and operational expenses depend on hashrate-sensitive analysis to seek the most accretive way to fund their business through BTC treasury and ATM sales. While the solo mining community may have more difficulty making profits, the CEO suggested the focus should be on the variables it can control: “Whether you run one rig or ten thousand, it comes down to controlling inputs like opex, power costs, and machine uptime to drive predictable outputs —&nbsp; maximizing energy efficiency, minimizing downtime and being disciplined with treasury management.” Magazine: Korea to lift corporate crypto ban, beware crypto mining HDs: Asia Express 

HIVE Digital Technologies Expands Presence in Latin American Market, Deploys Clean Energy Bitcoin Mining in Paraguay