Bitcoin miners pay Paraguay $350 million a year, but AI is pushing them out

Source excerpt

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.

This page contains a short source excerpt and linked metadata, not a republication of the complete article. The original publisher retains its content.