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Bitcoin miners pay Paraguay $350 million a year, but AI is pushing them out

CoinDesk · 22 min ago

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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.

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