Paraguay to Terminate Special Power Contracts for Crypto Miners by End of 2027

November 14: Paraguay's National Electricity Administration (ANDE) said that special electricity contracts signed with high-power-consumption users, including cryptocurrency mining, will terminate on December 31, 2027; under current regulations, these contracts will not be renewed. The operators covered by these contracts draw a total of 943.8 megawatts (MW) of power from Paraguay's surplus hydroelectric resources. The move is expected to have a major impact on HIVE Digital Technologies' operations, as roughly 77% to 80% of its active mining capacity is located in Paraguay.

Meanwhile, Paraguay's National Electricity Administration (ANDE) is signing 15-year power supply agreements with AI data centers.