Wedoany.com Report-Oct. 22, HIVE Digital Technologies Ltd. has signed a definitive agreement to develop an additional 100MW of data center capacity at its Yguazú site in Paraguay. The new facility will be powered entirely by hydroelectric energy from the Itaipú Dam.

The Itaipú Dam on the Paraná River supplies renewable hydroelectric power for HIVE Digital Technologies’ data center operations in Paraguay.

The expansion, known as Phase 3, will raise HIVE’s total data center capacity in Paraguay to 400MW, making the Yguazú complex the largest hydro-powered data center operation in the country once complete. Construction is scheduled to begin in early 2026, with full commissioning expected by the third quarter of that year. The project aligns with HIVE’s plan to reach 35 exahash per second (EH/s) of Bitcoin computing capacity by 2026.

Phase 3 follows the completion of Phases 1 and 2 earlier in 2025, which increased the Yguazú site’s renewable-powered operations to 300MW. With the addition of the new phase, HIVE’s total renewable-powered infrastructure across Paraguay, Canada, and Sweden will reach 540MW.

The company emphasized that the expansion is part of a broader strategy to scale both Bitcoin mining and high-performance computing (HPC) operations while maintaining 100% renewable energy usage. For 2026, HIVE targets exceeding 35 EH/s in Bitcoin capacity and achieving a fivefold increase in HPC and AI computing capacity.

HIVE highlighted the benefits of renewable-powered operations, noting that the Itaipú-sourced hydroelectric energy provides a stable, low-carbon power supply. The company said this approach supports sustainable growth and positions the Yguazú site as a benchmark for environmentally responsible data center operations in Latin America.

The Phase 3 project is expected to create additional local employment opportunities during construction and operations, contributing to the region’s economic development. HIVE also plans to leverage the expanded site to enhance its technical capabilities and operational efficiency, reinforcing its position as a leading provider of renewable-powered digital infrastructure.

By integrating hydroelectric power into its operations, HIVE aims to meet growing global demand for Bitcoin mining and HPC services while reducing environmental impact. The company stated: “Phase 3 represents a major step toward our vision of large-scale, renewable-powered digital infrastructure that supports both blockchain and high-performance computing applications.”

HIVE’s Yguazú campus now forms a central hub in its global operations, complementing facilities in Canada and Sweden. The company expects the completion of Phase 3 to accelerate its ability to deliver sustainable computing capacity at scale and to serve a broader range of customers in blockchain and AI industries.

In summary, HIVE’s Yguazú Phase 3 expansion will bring total capacity in Paraguay to 400MW, fully powered by Itaipú hydroelectric energy. Construction starts in early 2026, with commissioning in Q3. The project supports HIVE’s 35 EH/s Bitcoin target and a fivefold increase in HPC/AI computing, reinforcing the company’s commitment to renewable-powered growth.