Bitcoin Miners Pay Paraguay $350 Million Annually, but AI Is Pushing Them Out
Key Highlights: Paraguay’s ANDE had about 944 megawatts contracted to cryptocurrency miners as of April, equivalent to roughly 13% of the country’s Itaipu share. Four mining companies—Cademot, Zuns, Muiden and W3X—accounted for 730 megawatts under contracts priced at $44 per megawatt-hour. ANDE projects revenue from crypto miners will reach $350 million in 2026, even as ...