Paraguay won't renew miner power deals, signs 15-year AI campus contract

Paraguay's state utility says the power contracts serving bitcoin miners — which supply roughly 4% of the world's bitcoin mining at $44 per megawatt-hour — will not be renewed when they expire on Dec. 31, 2027. Instead, the utility has signed a 15-year deal to power a Founders Fund-backed AI campus.

• Miners pay Paraguay about $350 million a year under the current contracts.
• The utility calls the 2027 expiry date final.

The move extends a widening pattern of AI data centers displacing bitcoin miners over access to cheap electricity.