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Paraguay’s Power Chief: No Cryptocurrency Mining Company Has Left Yet

2024-08-05 by admin Leave a Comment

ANDE Chief States No Cryptocurrency Mining Company Has Left Paraguay Yet

Felix Sosa, president of the National Power Administration of Paraguay (ANDE), has disregarded reports indicating that a mass exodus of cryptocurrency mining companies could be brewing. Sosa stated that no cryptocurrency company had left the country yet and that there were over 400 MW in projects awaiting approval by the institution. No Cryptocurrency Mining Companies […]

Paraguay’s President Dismisses Complaints About Power Fee Hikes From Bitcoin Mining Companies, Asserts High Interest Remains

2024-07-24 by admin Leave a Comment

Paraguay's President Disregards Bitcoin Mining Companies' Complaints on Power Fee Hikes, Stresses Interest in Paraguay Is Still High

Santiago Peña, the President of Paraguay, recently dismissed the complaints that bitcoin mining farm operators have voiced against the power fee hikes that ANDE has enacted for these activities. Peña stated that these price increases don’t need to be consulted with the operators and that more companies in the industry are waiting to enter the […]