Paraguay's state utility signs 15-year deal to power Founders Fund-backed AI campus, says bitcoin mining power contracts end Dec. 31, 2027
Paraguay's state utility has signed a 15-year deal to supply power to a Founders Fund-backed AI campus, part of a shift from crypto to AI power contracts. The utility says contracts selling power to bitcoin miners at $44 per megawatt-hour expire on Dec. 31, 2027, and calls that date final. Those contracts cover roughly 4% of the world's bitcoin mining, which pays Paraguay about $350 million a year, according to the report.
Paraguay's state utility has signed a 15-year deal to supply power to a Founders Fund-backed AI campus, part of a shift from crypto to AI power contracts. The utility says contracts selling power to bitcoin miners at $44 per megawatt-hour expire on Dec. 31, 2027, and calls that date final. Those contracts cover roughly 4% of the world's bitcoin mining, which pays Paraguay about $350 million a year, according to the report.
Key facts
- Paraguay's state utility has signed a 15-year deal to supply power to a Founders Fund-backed AI campus.
- The utility says contracts selling power to bitcoin miners at $44 per megawatt-hour expire on Dec. 31, 2027, and calls that date final.
- The expiring contracts supply power to roughly 4% of the world's bitcoin mining.
- Bitcoin miners pay Paraguay about $350 million a year, according to the report.
Sources · 2 sources
- CB
Crypto BriefingArticle ·
Paraguay plans to end special crypto power contracts by 2027 Paraguay's shift from crypto to AI power contracts may reshape its economic landscape, prioritizing long-term growth and job creation. The post Paraguay plans to end special crypto power contracts by 2027 appeared first on Crypto Briefing .
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CoindeskArticle ·
Bitcoin miners pay Paraguay $350 million a year, but AI is pushing them out Contracts that sell power to a 4% slice of the world’s bitcoin mining at $44 a megawatt-hour expire on Dec. 31, 2027. Paraguay’s state utility calls the date final, and it has just signed a 15-year deal to power a Founders Fund-backed AI campus.
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