"They're literally stacked to the ceiling. Paraguay has become a destination for Bitcoin miners in recent years due to its abundance of low-cost hydroelectric power, much of it generated by the Itaipu Dam and exported to Brazil. But the rapid inflow of miners has also led to widespread electricity abuse, with many operators tapping the grid illegally or misclassifying their activities to avoid industrial tariffs."
"Morphware's proposal, now reflected in the MOU, is to redeploy those seized miners at utility-controlled sites near substations. Under the arrangement, ANDE would retain ownership and oversight, while Morphware would provide training, operational guidance, and technical expertise."
Paraguay's state-owned electricity company ANDE has signed a Memorandum of Understanding with Morphware to establish a regulated Bitcoin mining operation utilizing confiscated mining equipment and excess hydroelectric capacity. Paraguayan authorities seized roughly 30,000 Bitcoin miners from illegal operators who were stealing electricity or misrepresenting their business classifications to obtain lower power rates. The seized machines, currently warehoused by the government, will be redeployed at utility-controlled sites near substations under ANDE's ownership and oversight. Morphware will provide technical expertise, training, and operational guidance for the mining operations. Paraguay's abundant low-cost hydroelectric power from the Itaipu Dam has attracted Bitcoin miners, but unregulated operations created widespread electricity abuse and grid strain, prompting enforcement actions that resulted in large-scale seizures.
Read at Bitcoin Magazine
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