Monday July 28, 2025

Excessive Greed: More Bitcoin Mining Companies Are Abandoning Paraguay for Brazil

Excessive Greed: More Bitcoin Mining Companies Are Abandoning Paraguay for Brazil

by Sergio Goschenko July 22, 2024 1 min read

(Originally posted on : Bitcoin News )

The recent power hikes that ANDE has enacted for Bitcoin mining companies are already impacting their operations in Paraguay. According to recent reports, the Penguin Group, a cryptocurrency mining operator, has already signed a contract to secure 400MW of energy in Brazil. This could be a potential destination that other companies are considering. Paraguayan Bitcoin […]

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Sergio Goschenko

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