HIVE Digital Technologies Expands into Paraguay, Launching One of the First Purpose-Built AI BUZZ Cloud Platforms in the Country

Core Viewpoint - HIVE Digital Technologies Ltd. is expanding its operations into Paraguay through a strategic joint venture with the country's leading telecommunications operator, launching a purpose-built AI cloud platform aimed at serving various sectors across South America [1][2]. Group 1: Expansion and Infrastructure - The new AI BUZZ Cloud platform will be located in Asunción and hosted within a Tier III data center, designed to provide high-performance computing and AI infrastructure for academic, enterprise, financial, and healthcare sectors [2][3]. - The initial deployment of the platform is set to begin in Q1 2026, starting with an enterprise-grade GPU cluster for AI training and data-intensive workloads, with plans for future scaling based on customer demand and capital availability [3][5]. - HIVE has already established Tier I data centers in Paraguay, utilizing renewable hydroelectric energy, and views Bitcoin mining as a means to develop further infrastructure [4][11]. Group 2: Strategic Vision and Economic Context - The company's strategy in Paraguay is part of a long-term vision to evolve energy-led digital infrastructure into scalable AI and data center capacity, emphasizing the importance of reliable electricity and high-capacity connectivity [5][6]. - Paraguay's recent economic growth, stable government, and pro-investment policies create a favorable environment for long-term digital infrastructure investments [6][10]. - HIVE's development approach mirrors the evolution of digital infrastructure seen in Texas, suggesting that Paraguay is at a similar early stage in its infrastructure development cycle [7][11]. Group 3: Workforce and Institutional Engagement - The investment in AI and HPC infrastructure is expected to stimulate downstream economic activity, potentially increasing demand for technical professionals such as software developers and data scientists [8]. - The expansion aligns with ongoing institutional engagement between Paraguay and the United States, which may enhance bilateral cooperation and institutional confidence [9][10]. - The launch of the AI cloud platform aims to support accelerated computing demand across South America, leveraging renewable energy and a Tier III environment [10][11].