Key Takeaways:
A 2026 Hashrate Index report highlights Latam’s mining growth, noting Paraguay holds 4.3% of global hashrate. Brazil grew its Bitcoin hashrate by 133% YoY as miners secure lower tariffs directly from energy generators. Future Venezuela operations can leverage its potential by capturing stranded energy via OFAC licenses. Hashrate Index’s Latam Bitcoin Mining Report Highlights Brazil’s and Venezuela’s PotentialVenezuela, on the other hand, shows an untapped potential, as it registers 5 EH/s even under the current conditions. The report states:
“What Venezuela has, and what no other country in Latin America has at the same scale, is a combination of stranded energy and an OFAC licensing framework that is already opening up the country’s energy,”
