Update
HIVE Invests $250M in Paraguay AI Hub
HIVE Digital Technologies has committed over $250 million to build an AI hub in Paraguay, with plans to expand its data center capacity to 400 MW by the third quarter of 2026. The company has already invested $250 million in Tier 1 data centers near the Itaipú hydroelectric dam, which currently run at 300 megawatts (MW) of capacity. HIVE has added more than 300 positions, including 40 new engineering roles, and launched educational programs backed by technology partnerships. The investment comes before recent diplomatic activity between the US and Paraguay.