Paraguay to end special power contracts for crypto miners at end of 2027

Paraguay’s state power company ANDE plans to terminate special electricity supply contracts for cryptocurrency miners and other large power users on Dec. 31, 2027, and will not allow extensions under current rules, Crypto Briefing reported. The outlet said the combined contracted power load for cryptocurrency miners and other large-scale electricity consumers currently stands at 943.8 MW. By contrast, AI data centers are being offered 15-year contracts with electricity rates of about $49 per MWh. Crypto Briefing said the move is expected to have a significant impact on operations at HIVE Digital Technologies, which has placed about 77% to 80% of its total active mining capacity in Paraguay.