Paraguay’s state utility ANDE plans to let all special power contracts for crypto miners expire on December 31, 2027, CoinDesk reported on November 13. Officials call the deadline non-extendable, and the outlet ties the move to rising domestic demand and competition from AI companies for cheap hydropower.
CoinDesk said about 944 MW was contracted to miners as of April 2026, roughly 13% of Paraguay’s share of Itaipu power. Four firms, Cademot, Zuns, Muiden and W3X, hold 730 MW of that. Miners pay a flat $44 per MWh, and ANDE projects about $350 million from them in 2026, up from $295 million in 2025.
On October 22, ANDE signed a 15-year contract with Kuntur, a company linked to Araico Corporation, for up to 286 MW at an average $48.91 per MWh, CoinDesk reported. Supply starts at 6 MW on December 1 and rises to 146 MW in April 2028. Araico backs a planned $12 billion AI campus in Yguazú.
Engineers proposed capping combined crypto, AI and data-center power at 700 MW from 2028, allocated by auction with a $56 per MWh floor. That proposal has not been adopted. CoinDesk noted that Nasdaq-listed HIVE Digital has about 297 MW of its 385 MW in operation in Paraguay, under two agreements that expire at the same date, and that it has said it wants a 10-year extension.
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