The Era of Cheap Electricity for Bitcoin Miners in Paraguay Is Ending: 15-Year Agreement for Artificial Intelligence

Paraguay’s state utility ANDE has signed a 15-year power supply agreement for an AI campus while planning not to renew the special electricity contracts held by Bitcoin miners after the end of 2027. The shift ends the country’s cheap-power arrangement that made it a notable Bitcoin mining hub and redirects long-term electricity supply toward AI computing demand. The article did not specify contract values, power volumes, or the operators involved. It matters because Paraguay’s hydropower surplus had been a selling point for miners seeking low-cost energy, and the non-renewal puts that model at risk. What to watch next is whether miners relocate, negotiate new terms, or secure alternative power before their contracts lapse in 2027.