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

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Based on a feed excerpt; full article content has not been acquired. Source evidence retrieved 13/11/2026, 23:40:24 UTC.

Briefings

A 15-year contract between Paraguay's state utility and a Founders Fund-backed AI campus secures power for a 4% slice of global bitcoin mining until Dec 31, 2027. This deal allows the campus to operate at $44 per megawatt-hour, which is significantly cheaper than the current market rate. The contract expires in late 2027, marking the end of this specific agreement.

Key points

• Paraguay signed a 15-year contract to power a Founders Fund-backed AI campus, securing power for a 4% slice of global bitcoin mining until Dec 31, 2027.
• The deal allows the campus to operate at $44 per megawatt-hour, which is significantly cheaper than the current market rate.

Context

This finding highlights a major shift in energy costs for bitcoin mining, as AI-driven energy demand is driving prices down. The contract represents a strategic move by Paraguay to support AI infrastructure while managing energy costs for a small portion of the world's mining operations.

Limitations

The evidence covers only one specific contract and does not provide broader data on other mining agreements, regional energy trends, or the long-term economic impact of this deal.

Generated by Bittrees-hosted qwen35-2b sha256:aaf42c8b7c3c on 13/11/2026, 23:46:03 UTC. Based on publisher-provided feed evidence; may not cover the full original article. Check the source for details.

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