[6-K] HIVE Digital Technologies Ltd. Current Report (Foreign Issuer)
Rhea-AI Filing Summary
HIVE Digital Technologies is expanding its operations in Paraguay through a strategic joint venture with the country’s leading telecommunications operator to launch one of the first purpose-built AI BUZZ Cloud platforms there. The new platform will be located in Asunción in a Tier III data center and is aimed at serving academic and research institutions, enterprises, financial firms, and healthcare providers across Paraguay and South America.
The initial deployment, expected to begin in the first quarter of 2026, will use an enterprise-grade GPU cluster for AI training, inference, and other data-intensive workloads, with plans to scale based on customer demand and capital availability. This initiative builds on HIVE’s existing Tier I data center operations in Paraguay, which currently utilize approximately 300 megawatts and may expand by an additional 100 megawatts in 2026, and reflects the company’s strategy to evolve energy-led Bitcoin mining infrastructure into higher-tier AI and high-performance computing capacity.
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Insights
HIVE is turning its energy-led Bitcoin footprint in Paraguay into a phased AI cloud play anchored by a Tier III data center JV.
HIVE Digital outlines a strategy to move up the digital infrastructure stack in Paraguay, from energy-intensive Bitcoin mining toward AI-ready, Tier III facilities. The joint venture with the country’s leading telecom places the BUZZ AI cloud platform inside a Tier III data center in Asunción, targeting universities, enterprises, financial firms, and healthcare users that need local high-performance compute. This embeds HIVE alongside an incumbent carrier with an existing national fiber network.
The plan starts with an enterprise-grade GPU cluster in the first quarter of
The company also highlights Paraguay’s renewable energy resources, economic stability, and policy environment as supportive for long-term digital infrastructure investment, drawing comparisons to the evolution seen in Texas corridors where Tier I sites preceded AI-capable Tier III campuses. Actual impact will depend on realized AI demand, regulatory conditions, dark fiber buildout, and continued access to low-cost renewable power, which are all cited as key factors in the narrative.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of January, 2026
Commission File Number: 001-40398
HIVE Digital Technologies Ltd.
(Translation of registrant's name into English)
British Columbia, Canada
(Jurisdiction of incorporation or organization)
Suite 128, 7900 Callaghan Road
San Antonio, Texas 78229 United States of America
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:
[ ] Form 20-F [X] Form 40-F
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): [ ]
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): [ ]
Exhibits 99.1 and 99.2 are hereby incorporated by reference into the Registrant's Registration Statement on Form F-3 (Registration Number 333-291676) and into each prospectus outstanding under the foregoing registration statement, to the extent not superseded by documents or reports subsequently filed or furnished by the Company under the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended.
EXHIBIT INDEX
| 99.1 | News Release dated January 13, 2026 |
| 99.2 | Material Change Report dated January 13, 2026 |
| SIGNATURES | ||
| HIVE DIGITAL TECHNOLOGIES LTD. | ||
| By: | /s/ Darcy Daubaras | |
| Name: Darcy Daubaras | ||
| Title: Chief Financial Officer | ||
Date: January 13, 2026
HIVE Digital Technologies Expands into Paraguay, Launching One of the First Purpose-Built AI BUZZ Cloud Platforms in the Country
This news release constitutes a "designated news release" for the purposes of the Company's
prospectus supplement dated November 25, 2025 to its short form base shelf prospectus dated
October 31, 2025.
San Antonio, Texas--(Newsfile Corp. - January 13, 2026) - 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.
Paraguay has experienced periods of strong economic expansion in recent quarters, supported by a stable government and a pro-investment policy environment. HIVE believes these conditions, combined with the country's energy profile, provide a constructive backdrop for long-term digital infrastructure investment.
HIVE believes this progression is broadly consistent with the evolution of digital infrastructure observed in Texas, including the San Antonio to West Texas corridor, where development began with Tier I data centers anchored by energy-intensive workloads and later expanded into capital-intensive Tier III facilities capable of supporting advanced enterprise and AI workloads. The Company believes Paraguay may be at a similar early-stage point in this infrastructure development cycle, while recognizing that outcomes will depend on a range of economic and regulatory factors.
The Company expects that continued investment in AI and HPC infrastructure could support downstream economic activity, including potential increased demand for software developers, computer engineers, data scientists, electrical engineers, and other technical professionals, contributing to workforce development over time.
The expansion also reflects Paraguay's ongoing institutional engagement with the United States. On December 15, 2025, U.S. Secretary of State Marco Rubio and Paraguayan Foreign Minister Rubén Ramírez Lezcano signed a Status of Forces Agreement (SOFA) between the United States and Paraguay in Washington, D.C. While SOFAs are a common instrument in U.S. foreign policy with countries such as Germany, Italy, and Japan, the agreement reflects continued bilateral cooperation in areas including security, stability, and law enforcement, which may support broader institutional confidence.
The launch of the BUZZ AI cloud platform is intended to support demand for accelerated computing across South America by enabling organizations to access AI infrastructure operated within a Tier III environment and powered by renewable energy. While future expansions will depend on infrastructure buildout like dark fiber, customer demand, regulatory conditions, and capital availability, HIVE believes conditions in Paraguay are favorable for long-term participation in AI and hyperscale data center development.
Frank Holmes, Executive Chairman of HIVE, said: "Paraguay has been an important operating geography for HIVE, where we have demonstrated how energy-led digital infrastructure can support long-term value creation. This progression is consistent with patterns we have observed in Texas, including around San Antonio, where infrastructure development began with Tier I data centers and later expanded into capital-intensive Tier III facilities capable of hosting advanced AI workloads. We believe Paraguay's economic stability, supportive policy environment, and institutional relationships provide a constructive foundation for continued digital infrastructure development."
Aydin Kilic, President and CEO of HIVE, added: "The launch of AI cloud infrastructure in Asunción represents an initial step toward enabling academia, research institutions, businesses, financial services, and healthcare organizations to access high-performance compute capacity locally. This initiative complements HIVE's existing Tier I data center operations in Paraguay, which currently utilize approximately 300 megawatts, and which, subject to market conditions and approvals, may expand by an additional 100 megawatts in 2026."
HIVE believes that Paraguay's combination of renewable energy resources, stable governance, supportive policy conditions, and growing digital infrastructure positions the country as a potential long-term participant in the South American AI and high-performance computing landscape.
About HIVE Digital Technologies Ltd.
Founded in 2017, HIVE Digital Technologies Ltd. is the first publicly listed company to mine digital assets powered exclusively by green energy. Today, HIVE builds and operates next-generation blockchain and AI data centers across Canada, Sweden, and Paraguay, serving both Bitcoin and high-performance computing (HPC) clients. HIVE's twin-turbo engine infrastructure-driven by Bitcoin mining and GPU-accelerated AI computing-delivers scalable, environmentally responsible solutions for the digital economy.
For more information, visit hivedigitaltech.com, or connect with us on:
X: https://x.com/HIVEDigitalTech
YouTube: https://www.youtube.com/@HIVEDigitalTech
Instagram: https://www.instagram.com/hivedigitaltechnologies/
LinkedIn: https://linkedin.com/company/hiveblockchain
On Behalf of HIVE Digital Technologies Ltd.
"Frank Holmes"
Executive Chairman
For further information, please contact:
Nathan Fast, Director of Marketing and Branding
Frank Holmes, Executive Chairman
Aydin Kilic, President & CEO
Tel: (604) 664-1078
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
Forward-Looking Information
This news release contains forward-looking statements within the meaning of applicable securities laws. Forward-looking statements include, but are not limited to, statements regarding the timing, scale, and expansion of AI and high-performance computing infrastructure; anticipated demand; potential economic and employment impacts; future data center capacity; and energy availability. Forward-looking statements are based on management's current expectations and assumptions and are subject to known and unknown risks and uncertainties that may cause actual results to differ materially. These risks include, but are not limited to, changes in market demand, regulatory developments, capital availability, power pricing, network connectivity, and geopolitical conditions. Readers are cautioned not to place undue reliance on these forward-looking statements.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/280172
