HIVE Digital Technologies Welcomes Gabriel Lamas as Country President of Paraguay

Core Viewpoint - HIVE Digital Technologies Ltd. has appointed Gabriel Lamas as Country President of Paraguay to lead its operations and expansion in the region, enhancing its position in sustainable blockchain infrastructure and high-performance computing [1][5][6]. Group 1: Leadership and Expertise - Gabriel Lamas brings over 20 years of experience in infrastructure and energy projects, known for his technical skills and leadership [2][3]. - Lamas has previously held significant roles at Bitfarms Ltd., where he led major technical initiatives and operational projects in Latin America [3]. - His experience at Paraguay's National Utility, ANDE, involved managing dam operations and optimizing energy transmission, showcasing his expertise in energy efficiency [4]. Group 2: Strategic Importance - HIVE aims to become the largest private electricity consumer from ANDE, which will generate substantial U.S. dollar-denominated revenue for the Paraguayan government [5]. - Lamas' leadership is expected to drive HIVE's success in Paraguay, contributing positively to the local economy [5][6]. - The company is confident that Lamas' strategic vision and operational expertise will enhance its growth trajectory in Paraguay [8]. Group 3: Vision for the Future - Lamas expressed enthusiasm for his role, emphasizing the importance of Paraguay in the evolution of digital services and HIVE's commitment to sustainable growth [7][8]. - The appointment of Lamas marks a significant step in HIVE's transformative growth as it expands its operations into 2025 and beyond [8][9].