HIVE Lifts 2026 Hashrate Target to 35 EH/s with Paraguay Expansion

HIVE Blockchain is building a 100 MW Bitcoin mining farm in Paraguay, raising its total hashrate goal to 35 EH/s by 2026, powered entirely by hydroelectric energy.

HIVE expands sustainable Bitcoin mining capacity

HIVE Blockchain announced a major expansion of its Bitcoin mining operations with a new 100-megawatt (MW) project at its Yguazú site in Paraguay. The new facility marks Phase 3 of HIVE’s development plan and will draw renewable power from the Itaipú Dam, one of the world’s largest hydroelectric plants.

Once complete, the expansion will boost HIVE’s total renewable capacity in the country to 400 MW, reinforcing its leadership in clean-energy Bitcoin mining.

Construction timeline and global growth strategy

According to HIVE, construction is set to begin in early 2026, with commissioning expected in the third quarter of the same year. Following completion, the company’s total renewable energy footprint across Paraguay, Canada, and Sweden will reach 540 MW.

Executive Chairman Frank Holmes said HIVE scaled its Bitcoin hashrate from 6 EH/s at the start of 2025 to 22 EH/s in September. The upcoming Paraguay expansion, he added, “sets a clear path toward 35 EH/s by 2026.”

HIVE among fastest-growing Bitcoin miners in 2025

Engineering teams have already completed civil works and substation foundations, enabling rapid construction. The company aims to use hydro-based energy to ensure long-term sustainability and cost efficiency.

With a realized hashrate jumping from 5.66 EH/s to 19.34 EH/s between January and September 2025, HIVE now ranks among the top six public Bitcoin miners in North America. Together with Cipher Mining and Bitdeer, HIVE is helping position Paraguay as one of the world’s leading destinations for green crypto mining infrastructure.