Paraguay's national electricity company plans to launch a government-led Bitcoin mining project using seized mining machines

MarsBitNews · 2026-03-04T02:30:06+00:00

Paraguay's National Electricity Company signs a Memorandum of Understanding with Morphware to launch the first government-led Bitcoin mining pilot project, utilizing 1,500 confiscated mining machines and harnessing hydropower resources for mining. ANDE is responsible for overseeing the mining farm, Morphware provides technical support, and the government will discuss Bitcoin sales and risk hedging.

MarsBitNews

2026-03-04 02:30:06

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Mars Finance News: Paraguay’s National Electricity Company ANDE has signed a memorandum of understanding with the crypto infrastructure company Morphware, planning to launch the country’s first government-led Bitcoin mining pilot project using Bitcoin miners seized by law enforcement. The first phase will deploy approximately 1,500 confiscated miners and conduct compliant mining using surplus hydropower resources locally. According to the plan, ANDE will be responsible for the ownership and regulation of the mining farm, while Morphware will provide technical and operational support. Regarding the mined Bitcoin, the government is discussing selling it for public expenses or hedging risks through financial instruments and holding some assets.

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