Bitcoin miners pay Paraguay $350 million a year, but AI is pushing them out
Contracts that sell power to a 4% slice of the world’s bitcoin mining at $44 a megawatt-hour expire on Dec. 31, 2027. Paraguay’s state utility calls the date final, and it has just signed a 15-year deal to power a Founders Fund-backed AI campus.
Key Takeaways
- Contracts that sell power to a 4% slice of the world’s bitcoin mining at $44 a megawatt-hour expire on Dec.
- Paraguay’s state utility calls the date final, and it has just signed a 15-year deal to power a Founders Fund-backed AI campus.
- Read the full article for additional context and details.
Summary generated by IndiCrypto from CoinDesk. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
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