HIVE Expands Into Paraguay With New AI Cloud Platform, Partners With Paraguay Telecom to Launch AI Data Center

HIVE Digital Technologies Ltd. (TSXV:HIVE) (NASDAQ:HIVE) (FSE: YO0) (BVC: HIVECO) (the "Company" or "HIVE"), a diversified global digital infrastructure company headquartered in San Antonio, Texas, today announced its expansion into Paraguay through a strategic joint venture with Paraguay's leading telecommunications operator.

Through this partnership, HIVE is launching one of the first purpose-built artificial intelligence BUZZ Cloud platforms in Paraguay, located in Asunción and hosted within a Tier III data center operated by the leading telecom provider in Paraguay. The platform is designed to deliver high-performance computing ("HPC") and AI infrastructure intended to serve academic and research institutions, enterprises, financial services firms, and healthcare providers across Paraguay and the broader South American region.

The initial deployment is expected to commence in the first quarter of 2026 and is planned to begin with an enterprise-grade GPU cluster designed to support AI training, inference, and data-intensive workloads. The platform is intended to scale over time in response to customer demand and subject to capital availability, leveraging Paraguay's renewable hydroelectric power, harnessing Paraguay's largest telecommunications operator's national fiber network, and enterprise-grade data center operations.

This expansion builds on HIVE's existing digital infrastructure presence in Paraguay, where the Company has developed and operated Tier I data centers and associated electrical substations supported by access to renewable hydroelectric energy at scale. HIVE views Bitcoin mining as a means of building Tier I data center infrastructure and substations that monetize surplus or stranded electricity, converting energy into economic value. In this framework, each Bitcoin represents a bundle of energy, a concept that has also been articulated by technology leaders such as Elon Musk and Jensen Huang in their discussions of Bitcoin as a form of monetized economic work. The infrastructure required to produce it can serve as a foundational base layer for more advanced digital compute applications, including AI and high-performance computing hosted in Tier III data centers.

HIVE's strategy in Paraguay is anchored in a long-term, multi-year vision to evolve energy-led digital infrastructure into scalable AI and data center capacity. The Company believes the growth of the AI-driven digital economy depends on reliable electricity and high-capacity dark fiber connectivity capable of supporting 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 approach-beginning with Tier I infrastructure-provides a disciplined and economically efficient pathway toward higher-tier AI-ready facilities.