Global #Paraguay

Canadian cryptocurrency mining company HIVE Digital has set its sights on South America, unveiling plans to construct a massive 100-megawatt Bitcoin mining facility in Paraguay.

In a significant move to combat the rising issue of unauthorized cryptocurrency mining, Paraguayan authorities have announced a major milestone in their crackdown on illegal Bitcoin mining operations.

Paraguay, a nation once seen as a haven for cryptocurrency miners due to its abundant hydropower and low electricity costs, is tightening its grip on the industry.

Paraguay's burgeoning Bitcoin mining industry faces a crisis as the National Electricity Administration (ANDE) enacts a 14% electricity price hike specifically targeting crypto mining operations.

Paraguay's booming Bitcoin mining industry is facing a potential roadblock: new energy tariffs proposed by the National Electricity Administration (ANDE). Miners argue these increased costs could cripple their operations and stifle further growth in the sector.

Despite ongoing efforts to crack down on illegal mining operations, the Paraguayan Congress might soon vote on a new bill aimed at regulating Bitcoin mining.