Paraguay’s state-owned power utility ANDE has decided to terminate the special discounted power supply contracts applied to Bitcoin (BTC) mining operators as of December 31, 2027. Operators engaged in cryptocurrency mining in the South American country may see their power procurement terms change significantly from 2028 onward.

Backed by abundant hydroelectric power from the Itaipu Dam on the border with Brazil, Paraguay has grown into a mining hub with the world’s fourth-largest computing capacity (hashrate) used for Bitcoin mining. ANDE has sold surplus electricity that cannot be consumed domestically to miners at discounted rates, building a mutually beneficial relationship — helping miners keep electricity costs down while…