HIVE plans first HPC deployment in Paraguay for Q1

Core Viewpoint - HIVE is expanding its high performance compute (HPC) business into Paraguay, leveraging its existing bitcoin mining infrastructure and forming a joint venture with a local telecommunications company to launch the BUZZ Cloud project in 2026 [1][2]. Group 1: Expansion Plans - The new BUZZ Cloud project will be hosted in a Tier III data center in Asunción, Paraguay, starting in the first quarter of 2026 [1]. - HIVE aims to target academic institutions, financial firms, and healthcare providers across South America with its HPC services [2]. - The company plans to scale the HPC project utilizing Paraguay's renewable hydroelectric power and its partner's national fiber network [2]. Group 2: Current Operations and Future Growth - HIVE currently operates 300 MW of bitcoin mining infrastructure in Paraguay and has plans to add an additional 100 MW to these operations in the near term [2]. - The expansion is taking place against a backdrop of strengthening institutional ties between Paraguay and the United States, which HIVE views as beneficial for investment stability [2][3]. Group 3: Investment Climate - A Status of Forces Agreement was signed between U.S. officials and the Paraguayan government in December 2025, which HIVE cites as evidence of a stable investment climate conducive to long-term capital allocation in the region [3].