State utility ANDE plans to end special electricity contracts for energy-intensive activities, including cryptocurrency mining, on December 31, 2027, with no extensions expected under current regulations. At the same time, the company is signing 15-year agreements with artificial intelligence data centers at prices of around $49 per MWh. The contracts cover a combined 943.8 MW load supplied by surplus hydropower from the Itaipú and Yacyretá dams. HIVE Digital Technologies is particularly exposed because its two Paraguayan sites account for roughly 77 to 80% of its operating mining capacity. The government is prioritizing long-term commitments, such as Kuntur’s campus linked to the $12 billion Iguazú AI City project, which is scheduled to ramp up to 286 MW.
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