Contracts that sell power to a 4% slice of the world’s bitcoin mining at $44 a megawatt-hour expire on Dec. 31, 2027. Paraguay’s state utility calls the date final, and it has just signed a 15-year deal to power a Founders Fund-backed AI campus.
Bitcoin miners pay Paraguay $350 million a year, but AI is pushing them out
CO
CoinDeskBy Shaurya Malwa
EXECUTIVE SUMMARY
Contracts that sell power to a 4% slice of the world’s bitcoin mining at $44 a megawatt-hour expire on Dec. 31, 2027. Paraguay’s state utility calls the date final, and it has just signed a 15-year deal to power a Founders Fund-backed AI campus.
Key Takeaways
- Bitcoin miners pay Paraguay $350 million a year, but AI is pushing them out.
- Contracts that sell power to a 4% slice of the world’s bitcoin mining at $44 a megawatt-hour expire on Dec.
- Paraguay’s state utility calls the date final, and it has just signed a 15-year deal to power a Founders Fund-backed AI campus.
Read Complete Original Article
Published originally on CoinDesk
