Paraguay’s state electricity utility ANDE will terminate special power contracts for intensive users, including crypto miners, on Dec. 31, 2027, with current regulations barring renewals. The agreements cover 943.8 MW drawn from Paraguay’s surplus hydropower resources and generate about $350 million annually. The policy is expected to significantly affect HIVE Digital Technologies, which has roughly 77% to 80% of its active mining capacity in Paraguay. Paraguay accounts for about 4% of global Bitcoin mining capacity. ANDE is shifting new long-term power supply toward AI and high-performance computing data centers, offering 15-year contracts at about $49 per megawatt-hour versus roughly $30/MWh for crypto miners. Kuntur, linked to Araico and the planned $12 billion Iguazú AI City project backed by Peter Thiel’s Founders Fund, has secured a 15-year agreement for up to 286 MW, starting with 6 MW in December 2026. HIVE and other miners are seeking extensions, while legal mining operators have declined from 71 to 41 amid enforcement against illegal grid connections, higher tariffs and increased deposit requirements.