Crusoe and Araico team up on Itaipu-powered AI infrastructure in Paraguay
The US State Department announced an agreement between Crusoe and Araico to build high-performance AI infrastructure in Paraguay powered by the Itaipu hydroelectric plant.
By GennnAi··1 min read
Crusoe plans to commission an initial facility in mid-2027 serving cloud customers in the United States and Latin America. Washington says it could be one of the largest private investments in Paraguay's history. The announcement coincided with a visit by Christopher Landau, the State Department's number two, who met President Santiago Peña. The statement did not mention Brazil, which shares Itaipu's administration.
Source: CNN Brasil, published on October 21, 2026.