Paraguay, once a Bitcoin mining "paradise," is collapsing!
The country's cheap hydropower will no longer be available to miners $BTC . Crypto energy contracts will expire on 12/31/2027—and that's the final deadline, with no extensions.
Miners currently use 944 MW, but the government wants to cap total power for crypto/AI/data centers at just 700 MW, at much higher prices, possibly through auctions. This is a deathblow to giants like HIVE Digital, which has 77% of its mining capacity in Paraguay.
Why? AI has become the new VIP customer. Billion-dollar AI projects are securing 15-year power contracts, pushing miners $BTC to the sidelines.
Bitcoin mining in Paraguay is about to become less profitable, forcing companies to scale back, relocate, or compete for more expensive electricity. This is a warning about a major shift in resource allocation.
Where will the miners go next?
#Bitcoin #Mining
$BTC
The country's cheap hydropower will no longer be available to miners $BTC . Crypto energy contracts will expire on 12/31/2027—and that's the final deadline, with no extensions.
Miners currently use 944 MW, but the government wants to cap total power for crypto/AI/data centers at just 700 MW, at much higher prices, possibly through auctions. This is a deathblow to giants like HIVE Digital, which has 77% of its mining capacity in Paraguay.
Why? AI has become the new VIP customer. Billion-dollar AI projects are securing 15-year power contracts, pushing miners $BTC to the sidelines.
Bitcoin mining in Paraguay is about to become less profitable, forcing companies to scale back, relocate, or compete for more expensive electricity. This is a warning about a major shift in resource allocation.
Where will the miners go next?
#Bitcoin #Mining
$BTC