Paraguay Kills Bitcoin Miner Power Deals, Signs 15-Year AI Contract
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According to ChainCatcher, Paraguay's national electric company, ANDE, announced that special electricity contracts signed with high-energy-consuming users, including those engaged in cryptocurrency mining, will terminate on December 31, 2027, and will not be renewed under current regulations. These operators collectively utilize 943.8 megawatts of Paraguay's surplus hydroelectric resources. This move is expected to have a significant impact on …
Illustrative image Photo: PexelsANDE lets bitcoin mining contracts expire in 2027 and already signs 15-year supply with AI project
Paraguay Kills Bitcoin Miner Power Deals, Signs 15-Year AI Contract
Paraguay's state utility ANDE has declared its special Bitcoin miner power contracts non-extendable past Dec. 31, 2027, covering roughly 944 MW and an estimated 4% of global hashrate, while simultaneously signing a 15-year supply deal with a Founders Fund-backed AI campus.
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