"Paraguay holds the fourth place in global hashrate with 4.3%, while Brazil has increased its hashrate share by 133% year-over-year, creating new opportunities for miners."
"Brazilian miners can now negotiate directly with energy generation companies to secure lower tariffs, bypassing distributor tariffs and other surcharges, enhancing their competitive edge."
"Venezuela, despite current conditions, shows an untapped potential with 5 EH/s, indicating that capturing stranded energy could significantly boost its bitcoin mining operations."
A 2026 report reveals that Latin America is underperforming in bitcoin mining despite its energy resources. Paraguay ranks fourth globally with 4.3% of the hashrate. Brazil's hashrate surged by 133% year-over-year, allowing miners to negotiate lower tariffs directly with energy generators. Venezuela, with 5 EH/s, has untapped potential that could be harnessed through stranded energy. The report suggests that Brazil and Venezuela could position Latam as a significant player in the bitcoin mining sector.
Read at news.bitcoin.com
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