Paraguay utility plans end to crypto power contracts by 2027

Paraguay’s state utility plans to let all special cryptocurrency power contracts expire on December 31, 2027, as domestic demand surges and artificial intelligence companies compete for cheap hydropower. The utility’s engineers have proposed capping combined allocations for mining and AI at 700 megawatts and auctioning power at higher rates, threatening major miners like HIVE Digital Technologies while AI campus projects like Iguazú AI City secure multi-year power contracts. Open article →