Paraguay will terminate special electricity contracts for cryptocurrency miners by the end of 2027

The National Electricity Administration of Paraguay (ANDE) announced that special electricity contracts signed with high electricity consumption users, including cryptocurrency mining, will terminate on December 31, 2027, and will not be renewed according to current regulations. The relevant operators collectively use 943.8 megawatts of Paraguay's surplus hydroelectric resources. This move is expected to have a significant impact on HIVE Digital Technologies' operations, as approximately 77% to 80% of its active mining capacity is located in Paraguay.

Meanwhile, ANDE is signing a 15-year power supply agreement with AI data centers.