HIVE Digital expands into Paraguay with BUZZ cloud AI platform launch

Hive Digital Technologies’s subsiderary BUZZ HPC CEO Craig Tavares joined Steve Darling from Proactive to discuss the company’s expansion into Paraguay through a strategic joint venture with the country’s leading telecommunications operator. Through this partnership, HIVE is launching one of Paraguay’s first purpose-built artificial intelligence BUZZ Cloud platforms, located in Asunción and hosted within a Tier III data center operated by the nation’s top telecom provider. The new BUZZ Cloud platform is designed to deliver high-performance computing (HPC) and artificial intelligence infrastructure to a broad customer base, including academic and research institutions, enterprises, financial services firms, and healthcare providers across Paraguay and the wider South American region. HIVE views the initiative as a key step in diversifying its digital infrastructure strategy beyond Bitcoin mining and into scalable AI and cloud-based services. Tavares told Proactive that the initial deployment is expected to commence in the first quarter of 2026, beginning with an enterprise-grade GPU cluster capable of supporting AI training, inference, and other data-intensive workloads. The platform is intended to scale progressively in line with customer demand and capital availability, leveraging Paraguay’s abundant renewable hydroelectric power, the telecom partner’s national fiber network, and enterprise-grade data center operations. HIVE’s strategy in Paraguay is underpinned by a long-term, multi-year vision to transform energy-led digital infrastructure into scalable AI and data center capacity. The company believes that the continued growth of the AI-driven digital economy depends on access to reliable, low-cost electricity and high-capacity dark fiber connectivity that can support secure, low-latency data movement. While Tier III data centers capable of hosting GPU-intensive workloads require significantly higher capital investment, HIVE believes its phased development approach—starting with Tier I infrastructure and scaling upward—offers a disciplined and economically efficient pathway toward building advanced, AI-ready facilities over time. Paraguay has experienced periods of strong economic growth in recent quarters, supported by a stable government and a pro-investment policy environment. HIVE believes these favorable conditions, combined with the country’s renewable energy profile, provide a compelling backdrop for long-term digital infrastructure investment. The company noted that this staged development model mirrors the evolution of digital infrastructure seen in regions such as Texas, including the San Antonio to West Texas corridor, where early energy-intensive data center deployments later expanded into more capital-intensive Tier III facilities capable of supporting advanced enterprise and AI workloads. #proactiveinvestors #hivedigitaltechnologieslet #tsxv #hive #nasdaq #hive #AIInfrastructure #buzzhpc #HighPerformanceComputing #HPC #CloudComputing #DataCenters #TierIIIDataCenter #ParaguayTech #LatinAmericaTech #RenewableEnergy #HydroelectricPower #DigitalInfrastructure #GPUs #AITraining #EnterpriseIT