Paraguay’s state‑owned electrical energy monopoly, Administración Nacional de Electricidad (ANDE), has signed a Memorandum of Understanding (MoU) with infrastructure agency Morphware to launch a authorities‑run Bitcoin mining program powered by 1000’s of confiscated mining machines and surplus hydroelectric energy.
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In a primary‑of‑its‑form transfer, Paraguay state energy firm is about to change into a Bitcoin miner. ANDE has signed a proper settlement with Morphware to to construct a state‑run mining program that makes use of two issues the nation already has in abundance: seized mining rigs and low cost hydroelectric energy from the Itaipú dam.
In apply, ANDE will host and personal the mining operations. As an alternative of exporting that power at low, treaty‑outlined costs, the utility will route a part of it into Bitcoin mining amenities it controls. Morphware will act as a technical advisor fairly than a speculative associate: in keeping with Morphware founder and CEO Kenso Trabing, as a result of ANDE has no expertise mining Bitcoin, the corporate’s position might be “an advisory one.
The pilot part will plug in about 1,500 seized miners at current utility buildings situated subsequent to substations, which might be transformed into fundamental mining amenities with air flow, transformers, distribution models, and correct metering.
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Seizing Background
This choice follows a collection of nationwide raids since early 2024, as ANDE moved in opposition to unmetered and fraudulent excessive‑voltage connections utilized by unlawful miners. Many of the machines going into this program had been seized between Could and June 2024, when authorities intensified inspections in mining hotspots.
In Salto del Guairá alone, ANDE confiscated 2,738 mining rigs after detecting an unmetered excessive‑load connection value roughly 1.1 billion guaraníes (round 146,000 {dollars}) in stolen energy each month, alongside dozens of comparable operations that pushed the whole stockpile of seized ASICs near 30,000 models.
One other State Turning To Bitcoin
Paraguay’s transfer slots right into a small however rising group of states that seem like attempting to show power coverage into hash price. El Salvador has already folded Bitcoin into its official toolkit, pointing geothermal energy from state‑run crops into mining amenities and including these cash to a authorities‑managed BTC stockpile alongside its “volcano bond” ambitions, as reported by our sister web site Bitcoinist. Additional east, Bhutan’s sovereign wealth fund has quietly operated hydro‑powered mining since at the very least 2019, utilizing surplus electrical energy from its dams to build up Bitcoin on the dominion’s stability sheet and, extra just lately, to again new digital‑asset and “mindfulness metropolis” initiatives.
Paraguay’s ANDE–Morphware experiment is the hydro‑wealthy, Latin American model of that very same playbook: hold the power home, personal the infrastructure, and let the state, not simply non-public miners, seize the upside.
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