Bitcoin Miners Pay Paraguay $350 Million a Year, but AI Is Pushing Them Out

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The mining industry in Bitcoin turned Paraguay into one of the electro-intensive poles of the region. This is the local account: what it enters, what employment it leaves and what it demands on the electricity grid, according to official data, documents and voices of the country. *** The ANDE groups 41 companies in the sector with a joint demand of 943.8 megawatts (MW). It projects revenues of USD 350 million in 2026, 18.6% more than the previou…