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HIVE Digital's BUZZ HPC launches AI cloud in Paraguay - ICYMI
Proactiveinvestors NA· 2026-01-24 15:17
Core Insights - Buzz HPC is launching a purpose-built AI cloud in Paraguay, marking its third global cloud region alongside operations in Sweden and Canada [1][11] - The expansion into Paraguay is driven by its emerging status as a hub for high-performance computing (HPC) data centers [1][5] Infrastructure and Energy - Buzz HPC is utilizing its existing Tier 1 infrastructure in Paraguay, initially developed for crypto mining, to transition into AI-focused Tier 3+ data center facilities [2][4] - Paraguay's access to hydroelectric power, particularly from the largest dam in the Western Hemisphere, provides a renewable energy advantage, reducing the carbon footprint of AI operations [2][6] Market Position and Strategy - The company aims to build AI infrastructure to meet the increasing demand for modern AI workloads, positioning Paraguay as a key market for next-generation HPC data center development [5][6] - A strategic partnership with a telecom provider facilitates an accelerated path to market, leveraging existing enterprise-grade data center capacity and national fiber connectivity [7][8] Community and Government Relations - Buzz HPC has established deep relationships with local communities and government, which support collaboration and growth in AI development through institutions and businesses [8] - The company is committed to using hydroelectric energy as its primary power source across all its assets, aligning with its green strategy [9][10] Future Plans - The Buzz AI cloud is set to go online in Q1 2026, providing compute capacity for AI workloads and complementing existing cloud regions [11][12] - The company plans to redevelop its Tier 1 facilities into Tier 3+ facilities to accommodate larger compute clusters over time [12]