Paraguay | ForkLog

ForkLog 32 11.07.2025

KULR Deploys Over 3,500 Miners in Paraguay

KULR Technology Group has deployed 3,570 S19 XP miners from Bitmain at facilities in Asunción, Paraguay, according to a press release. The firm has increased its equipment capacity to 750 PH/s and aims to reach 1.25 EH/s by the end of summer. Companies like CleanSpark, Marathon Digital Holdings, and Bitfarms have hash rates ranging from […]

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ForkLog 15 10.06.2025

Hackers Breach Paraguayan President’s X Account, Post Fake Bitcoin Announcement

Hackers posted a message on the X account of Paraguayan President Santiago Peña, falsely claiming Bitcoin had been recognized as legal tender. At the time of writing, the post has been removed. Source: X. The post also claimed that authorities had formed a $5 million reserve in the cryptocurrency for the national treasury. Journalist Colin […]

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ForkLog 20 23.07.2024

HIVE Digital to Establish 100 MW Bitcoin Mining Farm in Paraguay

Mining firm HIVE Digital Technologies Ltd. has unveiled plans to construct a data centre for Bitcoin mining with a capacity of 100 MW in Paraguay. “We are thrilled to announce our plan for a 100 MW project in Paraguay, utilizing green and clean energy sourced from the Itaipu hydroelectric dam,” says Frank Holmes, HIVE’s Executive […]

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ForkLog 10 22.07.2024

Paraguayan Miners Urge Government to Reconsider Electricity Tariff Hike

Paraguayan miners have urged the government to reconsider the upcoming increase in electricity tariffs for their industry, as reported by Cointelegraph. In July, the national operator ANDE warned legal industry participants about the planned price hike, set to take effect on August 1. Jimmy Kim, a representative of the Paraguayan Chamber of Digital Technology, expressed […]

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ForkLog 7 08.07.2024

Rising Energy Costs Threaten Bitcoin Mining in Paraguay

A recent 14% increase in energy tariffs for cryptocurrency miners in Paraguay is prompting mining projects to exit the country, reports Bitcoin.com. Industry insiders indicate that companies are exploring alternatives in neighboring Argentina and Brazil. One such initiative is a joint venture between representatives of the two countries in the Zapala free economic zone. Zapala […]

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ForkLog 9 02.06.2024

Paraguayan Authorities Seize 2738 ASIC Miners from Illegal Farm

The National Electricity Administration of Paraguay (ANDE) uncovered an illegal mining farm in the city of Salto del Guairá. Authorities seized 2738 devices, reports Cointelegraph. ANDE detected the farm’s activities using artificial intelligence and electricity distribution analysis. Losses were estimated at 1.1 billion Paraguayan guaraníes (approximately $146,000). Operators of the mining farm may face charges […]

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ForkLog 11 24.04.2024

Paraguay Utilizes Mining Heat for Mango Drying

A Bitcoin mining operation in Paraguay has repurposed the heat generated by ASIC miners to dry mangoes. There’s a mining project in Paraguay that’s drying mangos Their operation eliminates 2.5 tons of carbon per MW each month from switching the drying operation away from fossil fuels to hydro power + they donate 10% of mango […]

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ForkLog 12 11.04.2024

Paraguayan Senate Halts Bitcoin Mining Ban Proposal

The Paraguayan Senate has paused the consideration of a bill proposing a moratorium on cryptocurrency mining, focusing instead on the financial implications. This was reported by Cointelegraph. On April 3, a group of senators introduced a document that proposed a 180-day ban on cryptocurrency mining and the establishment of new bitcoin farms in the country. […]

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ForkLog 11 08.04.2024

Paraguay Faces Potential $200 Million Loss from Proposed Mining Ban

Paraguay’s economy could forfeit over $200 million in annual revenue if a proposed bill to ban mining is enacted. This was stated by Hashlabs Mining co-founder Jaran Mellerud in an interview with Cointelegraph. In April, a group of senators introduced a document to Congress proposing a 180-day moratorium on cryptocurrency mining activities and related operations. […]

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ForkLog 22 05.04.2024

Paraguayan Senators Propose Temporary Ban on Bitcoin Mining

A group of Paraguayan senators has introduced a bill in Congress to temporarily ban cryptocurrency mining and related activities. According to the politicians, illegal digital asset mining operations are stealing electricity, leading to supply disruptions for the population. They have proposed a 180-day moratorium on the “installation of new crypto farms” and the “creation of […]

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ForkLog 41 08.11.2023

Marathon Digital to start Bitcoin mining in Paraguay

American cryptocurrency mining company Marathon Digital will launch in Paraguay a 27 MW mining facility powered by 100% renewable hydroelectric energy.

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ForkLog 24 18.10.2023

Sazmining launches a ‘green’ Bitcoin farm in Paraguay

The American mining company Sazmining has opened a Bitcoin mining facility in Paraguay powered by 100% renewable energy, according to Decrypt.

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