Hive Digital Launches Revolutionary Green GPU Cluster in Paraguay Powered by 100% Renewable Energy

Hive Digital Technologies has deployed its first live GPU compute cluster in Paraguay, marking a strategic expansion into sustainable AI infrastructure. The newly operational facility in Asunción leverages renewable energy to power high-performance computing nodes for AI training and academic research, with Columbia University already utilizing the BUZZ AI cloud platform. This deployment represents Hive's inaugural implementation of adding AI compute layers to its existing energy facilities, hosted within a Tier-III data center operated by Paraguay's leading telecom provider.

Hive Digital plans to grow Tier-III compute centers

Hive Digital will track the GPU cluster performance to establish a proof-of-concept for AI compute, connecting New York clients with a remote compute location. The initial test will offer a non-commercial product, which will generate valuable performance data on latency, throughput, and workload management.

“HIVE has 300 MW of renewable hydroelectric power operational in Paraguay, with another 100 MW in development. Before scaling an AI factory, it’s prudent to beta test. This deployment marks our first live GPU compute workload in Asuncion and provides the real- world performance data we need to guide our Tier-III expansion roadmap,” said Frank Holmes, Executive Chairman of Hive Digital

If successful, the company aims to build future Tier-III data center capacity in another city, with infrastructure to achieve high-uptime, low-latency GPU compute. 

The data centers will use hydroelectric generation and the country’s fiber optic infrastructure. The company will grow based on projected South American and global commercial demand to expand at the Tier-III data center compute levels. 

The team will optimize its computation to improve model quality while reducing compute and memory costs. The academics will be trading GPT-3 and LLaMA style models, later scaling to larger models. 

Hive Digital gained its foothold in Paraguay through Bitcoin mining, later layering AI and high-capacity compute into the mix. 

Hive Digital retains its BTC treasury

Hive Digital retained 2,201 BTC in its legacy treasury from mining, with no warnings of selling. Other leaders like Mara Holdings announced the possibility of liquidating some of its treasury reserves to fund AI expansion. 

Hive Digital also retains up to 23.7 EH/s in BTC mining capacity, while also upgrading its mining operations with the latest rig models. Hive Digital will continue to offer offshore mining to third parties as one of its main sources of revenue. 

HIVE stock is currently at $2.21, closer to the higher range for the past month. The shares crashed from $6.63 on October 10, reflecting the overall attitude of the crypto market. For now, HIVE is not following the AI expansion narrative, unlike leading mining and AI corporations like IREN. However, the addition of more AI and computing facilities may help HIVE break away from the crypto narrative.

Still letting the bank keep the best part? Watch our free video on being your own bank.