Paraguay raises electricity prices for cryptocurrency mining by 14%

ChainCatcher news, according to Bitcoin.com, the National Electricity Administration of Paraguay (ANDE) has announced an increase in electricity prices for Bitcoin and cryptocurrency mining operations in the country. ANDE has raised the electricity prices for cryptocurrency mining, blockchain, tokens, and data centers by 14%, which may affect the feasibility of maintaining these activities in the country.

Due to the lack of clarity in this field, this price increase has already led to the withdrawal of a company that planned to invest over $400 million in the country.