Paraguay's state utility is collecting record fees from Bitcoin miners even as their numbers nearly halve, and a 2027 deadline will hand the power to AI.
Energy
Key Facts
—Revenue up. Paraguay’s state utility ANDE expects $350 million in mining tariffs in 2026, up from $295 million in 2025 and $100 million in 2024.
—Miners down. Legal operators fell from 71 at the start of 2025 to 41 in 2026, a drop of about 42%.
—Concentration. The 41 legal miners reserve 943.8 MW, and four firms alone take 730 MW, more than one Itaipú turbine produces.
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