📰 CRYPTO NEWS
Paraguay is becoming a turning point for Bitcoin mining globally: miners currently pay the Paraguayan government around $350 million a year for electricity, representing approximately 4% of all Bitcoin mining worldwide, under contracts at $44 per megawatt-hour that are in effect until December 31, 2027. However, the government has made it clear that this date is final and there will be no renewal, as the state-owned energy company has just signed a 15-year agreement to supply an artificial intelligence campus backed by Founders Fund, the fund of Peter Thiel himself. In other words, AI is literally displacing Bitcoin miners from one of Latin America’s most important energy hubs. This is neither a rumor nor speculation: it’s a signed contract with a clear expiration date for miners. It’s worth asking how the global hashrate will react and what pressure this could put on the profitability of publicly listed miners as 2027 approaches.
What do you think? I’m reading your comments 👇
Paraguay is becoming a turning point for Bitcoin mining globally: miners currently pay the Paraguayan government around $350 million a year for electricity, representing approximately 4% of all Bitcoin mining worldwide, under contracts at $44 per megawatt-hour that are in effect until December 31, 2027. However, the government has made it clear that this date is final and there will be no renewal, as the state-owned energy company has just signed a 15-year agreement to supply an artificial intelligence campus backed by Founders Fund, the fund of Peter Thiel himself. In other words, AI is literally displacing Bitcoin miners from one of Latin America’s most important energy hubs. This is neither a rumor nor speculation: it’s a signed contract with a clear expiration date for miners. It’s worth asking how the global hashrate will react and what pressure this could put on the profitability of publicly listed miners as 2027 approaches.
What do you think? I’m reading your comments 👇