Hashrate Index: Brazil, Venezuela Eyed to Expand Latam's Bitcoin Mining Share

Hashrate Index’s 2026 report underscores Latin America’s Bitcoin mining momentum, with Paraguay holding 43 EH/s (4.3% global hashrate), Brazil’s output surging 133% year-over-year via direct low-tariff deals, and Venezuela targeting 5 EH/s from stranded energy through OFAC-enabled investments. Earlier coverage highlighted regulatory and infrastructure hurdles but affirmed regional potential to reshape global hashrate if addressed. This growth could cut mining costs, boost network decentralization, spur energy contracts, and attract capital to BTC infrastructure, lifting related stocks and services.