In an unprecedented decision in the region, Paraguay is making progress in implementing a state Bitcoin mining scheme using equipment seized in operations against illegal farms. The initiative, led by the National Electricity Administration (ANDE), aims to convert a structural problem of energy theft into a source of income for the State
.The plan is articulated through a memorandum of understanding signed with the technological infrastructure company Morphware, which will provide technical knowledge and training. The objective is to put into operation some 30,000 machines that remained inactive in official warehouses after being confiscated for operating outside
the law.
The strategy is based on a key competitive advantage: access to low-cost hydroelectric energy from the Itaipu dam. For decades, Paraguay exported much of that energy surplus at reduced prices. Now, the government seeks to redirect that capacity to mining digital assets to capture greater value within its own economy
