CoinDesk: Paraguay-Related Mining Companies' Power Purchase Contracts to Expire by End of 2027; Utility Company Signs New AI Park Power Supply Agreements
According to CoinDesk, contracts for selling electricity to crypto miners in Paraguay—accounting for roughly 4% of the global Bitcoin hashrate—are set to expire on December 31, 2027, at a rate of $44 per megawatt-hour. The report notes that the state-owned power utility confirmed this expiration date and has already signed a 15-year power supply agreement for an AI campus backed by Founders Fund. Miners currently pay Paraguay approximately $350 million annually, according to the report. Existing materials do not disclose subsequent power arrangements for all miners, and the contract expiration cannot be equated to an immediate power cutoff or the definitive exit of 4% of the global hashrate.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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