Paraguay power deals for bitcoin miners expire in 2027
In short
Paraguay’s state utility says contracts for bitcoin mining power will end on Dec. 31, 2027. The deals cover about 4% of global bitcoin mining and charge $44 per megawatt-hour.
The utility has also signed a 15-year power deal for a Founders Fund-backed AI campus, which could reduce room for miners and redirect electricity to AI.
What the reporting says
Paraguay’s state utility has set Dec. 31, 2027 as the end date for contracts selling power to bitcoin mining, which cover about 4% of global mining at $44 per megawatt-hour. The utility has also signed a 15-year deal to supply electricity to a Founders Fund-backed AI campus. The moves point to tighter access for miners as demand shifts toward AI use.
Why it matters
Paraguay’s state utility has said contracts selling electricity to bitcoin miners end on Dec. 31, 2027, affecting a reported 4% slice of global mining priced at $44 per megawatt-hour. At the same time, it signed a 15-year agreement to power a Founders Fund-backed AI campus. The reported shift suggests electricity allocation is moving away from miners and toward AI infrastructure.