Paraguay's $350 million Bitcoin mining power deal faces 2027 cutoff as AI campus secures 286 MW under a 15-year electricity contract

Paraguay's state utility ANDE will let all special crypto power contracts expire on Dec. 31, 2027, a deadline officials call non-negotiable. Miners hold about 944 megawatts, roughly 13% of Paraguay's Itaipu share, and pay a flat $44 per megawatt-hour; ANDE projects $350 million from them in 2026, up from $295 million in 2025. ANDE engineers proposed capping mining, AI and data centers at 700 megawatts from Jan. 1, 2028, with auctions at a $56/MWh floor. HIVE's 200 MW Yguazú and 100 MW Valenzuela sites, about 77% of its capacity, expire with the deadline. On Oct. 22, ANDE signed a 15-year, 286 MW contract with Kuntur, linked to Araico's $12 billion Iguazú AI City, averaging $48.91/MWh.

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