Paraguay’s state utility ANDE will terminate special electricity contracts for cryptocurrency miners on December 31, 2027. These agreements currently cover a total load of 943.8 MW sourced from the Itaipú and Yacyretá hydropower dams. Under existing regulations, no extensions for these mining contracts are planned.
The government is shifting its energy strategy to prioritize AI and high-performance computing data centers by offering them 15-year agreements at approximately $49 per MWh. One such deal involves Kuntur, which secured a 15-year contract for up to 286 MW to support an AI data campus linked to the $12 billion Iguazú AI City project.
The Kuntur contract will scale up over time, starting with 6 MW in December 2026. Meanwhile, HIVE Digital Technologies faces significant exposure, as approximately 77 to 80 percent of its operating mining capacity is located in Paraguay across its 200 MW Yguazú site and 100 MW Valenzuela facility.
The regulatory environment for miners has tightened, with the number of legal operators in the country falling from 71 to 41. Mining tariffs have doubled to roughly $30 per MWh, and operators are now required to provide upfront deposits. ANDE expects to continue generating hundreds of millions of dollars annually from intensive energy users.
