Paraguay’s National Electricity Administration has signed a memorandum of understanding (MOU) to explore Bitcoin mining as part of a national strategy to monetize the country’s unused power. This initiative aligns with Paraguay’s abundant hydroelectric generation, which has resulted in excess energy capacity due to lower local consumption. The agreement reflects a broader policy shift aimed at diversifying revenue through digital asset activities, similar to trends observed in other nations with cheap renewable energy harnessing crypto mining to enhance economic output.
Paraguay’s National Electricity Administration signs MOU to explore Bitcoin mining strategy
