• 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.

While the global share of bitcoin mining hashrate is dominated by nations like the U.S., China, and Russia, Latam might be on the verge of becoming a larger player in this market.

According to Hashrate Index’s “The State of Bitcoin Mining in Latin America (2026)” report, while Paraguay has the fourth place of countries hosting the most bitcoin hashrate with 43 EH/s and 4.3% of the global hashrate, Brazil and Venezuela have the potential to grow and turn Latam into a Bitcoin mining superpower.

Brazil, which has increased its hashrate share by 133% year-over-year, has opened new opportunities for miners, as they can now negotiate directly with companies in the energy generation market to lock up tariffs, bypassing distributor tariffs and other surcharges.

While the report stresses that energy generation outpaces transmission, the Sul region, with its low industrial power rates, can become a bitcoin mining haven for companies seeking to enter the bitcoin mining industry.

Venezuela, 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,”

Due to deficiencies in the power grid, a large portion of the power generated cannot be transmitted to the final consumer. Bitcoin mining operations deployed near generation sources could capture it before it gets lost in transmission.

“The template for private capital entering Venezuela’s energy sector with OFAC authorization already exists. Bitcoin miners can leverage the same legal structure,” the report concluded.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。