Hashrate Index: Brazil and Venezuela Show Potential to Grow Latam’s Bitcoin Mining Share

Key Takeaways:

• A 2026 Hashrate Index study highlights Latam’s mining growth, noting Paraguay holds 4.3% of planetary hashrate.
• Brazil grew its Bitcoin hashrate by 133% YoY arsenic miners unafraid little tariffs straight from vigor generators.
• Future Venezuela operations tin leverage its imaginable by capturing stranded vigor via OFAC licenses.

Hashrate Index’s Latam Bitcoin Mining Report Highlights Brazil’s and Venezuela’s Potential

While the planetary stock of bitcoin mining hashrate is dominated by nations similar the U.S., China, and Russia, Latam mightiness beryllium connected the verge of becoming a larger subordinate successful this market.

According to Hashrate Index’s “The State of Bitcoin Mining successful Latin America (2026)” report, portion Paraguay has the 4th spot of countries hosting the astir bitcoin hashrate with 43 EH/s and 4.3% of the planetary hashrate, Brazil and Venezuela person the imaginable to turn and crook Latam into a Bitcoin mining superpower.

Brazil, which has accrued its hashrate stock by 133% year-over-year, has opened caller opportunities for miners, arsenic they tin present negociate straight with companies successful the vigor procreation marketplace to fastener up tariffs, bypassing distributor tariffs and different surcharges.

While the study stresses that vigor procreation outpaces transmission, the Sul region, with its debased concern powerfulness rates, tin go a bitcoin mining haven for companies seeking to participate the bitcoin mining industry.

Venezuela, connected the different hand, shows an untapped potential, arsenic it registers 5 EH/s adjacent nether the existent conditions. The study states:

“What Venezuela has, and what nary different state successful Latin America has astatine the aforesaid scale, is simply a operation of stranded vigor and an OFAC licensing model that is already opening up the country’s energy,”

Due to deficiencies successful the powerfulness grid, a ample information of the powerfulness generated cannot beryllium transmitted to the last consumer. Bitcoin mining operations deployed adjacent procreation sources could seizure it earlier it gets mislaid successful transmission.

“The template for backstage superior entering Venezuela’s vigor assemblage with OFAC authorization already exists. Bitcoin miners tin leverage the aforesaid ineligible structure,” the study concluded.