CryptoMedium•13 November 2026•
1 min read
Paraguay Pivots from Bitcoin Mining to AI Data Centers
Key Facts
1Power contracts for Bitcoin miners in Paraguay, representing 4% of global mining, are set to expire on December 31, 2027.
2Paraguay's state utility signed a 15-year deal to power an AI campus backed by Founders Fund.
Power contracts for Bitcoin miners in Paraguay are set to expire on December 31, 2027. CoinDesk reported that these miners currently account for 4% of the global mining hash rate, as the nation begins a strategic shift toward different industrial sectors.
Paraguay's state utility signed a 15-year agreement to provide power to an AI campus backed by Founders Fund. The utility is prioritizing long-term industrial commitments, favoring the stability of AI infrastructure contracts over the expiring mining agreements.