PANews|Nov 14, 2026 00:19
Paraguay to Terminate Special Electricity Contracts to Cryptocurrency Miners by End of 2027
Paraguay's national electricity company, ANDE, announced that special electricity contracts signed with high-energy-consuming users, including cryptocurrency miners, will terminate on December 31, 2027; these contracts will not be renewed under current regulations. The operators involved in these contracts collectively draw 943.8 megawatts (MW) of electricity from Paraguay's surplus hydropower resources. This move is expected to have a significant impact on the operations of HIVE Digital Technologies, which has approximately 77% to 80% of its active mining capacity located in Paraguay. Meanwhile, ANDE is signing a 15-year electricity supply agreement with an AI data center.
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