Bitcoin miners have been paying Paraguay $350 million annually for power, but their operations are set to be disrupted. Contracts that supply energy to a 4% share of global bitcoin mining will expire on December 31, 2027. The utility company has confirmed that this date is non-negotiable.
Source
"Bitcoin Miners to Exit Paraguay as AI Campus Secures Long-Term Power Deal" — CoinDesk
This article is Bitcoincryptos' summary and analysis of reporting originally published by CoinDesk. Read the full original report at the link above.
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