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Paraguay’s National Electricity Authority Increases Electricity Rates for Crypto Mining Operators by 14%

Paraguay’s National Electricity Authority Increases Electricity Rates for Crypto Mining Operators by 14%

CointimeCointime2024/07/03 06:19
By:Cointime

The Paraguayan National Electricity Administration (ANDE) has increased the electricity fees for cryptocurrency mining operators by 14%, affecting the profitability of cryptocurrency mining. Due to the lack of clarity in this field, it has already led to a company that planned to invest more than $400 million in Paraguay to withdraw.

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