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Home » Typography Elements » Paraguay Raises Electricity Rates for Cryptocurrency Mining Industry by 14
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Paraguay Raises Electricity Rates for Cryptocurrency Mining Industry by 14

By adminJul. 15, 2024No Comments1 Min Read
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Paraguay Raises Electricity Rates for Cryptocurrency Mining Industry by 14
Paraguay Raises Electricity Rates for Cryptocurrency Mining Industry by 14
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According to Bitcoin.com, Paraguay’s National Electricity Administration (ANDE) has announced a 14% increase in electricity rates for Bitcoin and cryptocurrency mining operations in the country. This hike by ANDE affects the electricity costs for crypto asset mining, blockchain, tokens, and data centers, potentially impacting the feasibility of maintaining these activities in the nation. Due to the lack of clarity in this sector, this increase has already led to a company planning to invest over $400 million in the country withdrawing its plans.

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