Bitcoin miners pay Paraguay $350 million a year, but AI is pushing them out
What CoinDesk reports, why it matters and what remains unconfirmed.
The story in one view
- Reported by
- CoinDesk
- Coverage lens
- Companies and finance
- Published
- Evidence status
- Cross-source reports linked
What CoinDesk reports
Contracts that sell power to a 4% slice of the world’s bitcoin mining at $44 a megawatt-hour expire on Dec. 31, 2027. Paraguay’s state utility calls the date final, and it has just signed a 15-year deal to power a Founders Fund-backed AI…
The immediate significance
The report is another test of whether bitcoin-mining assets can support an AI data-centre strategy. The economic result depends on sale proceeds, conversion costs and contracted computing revenue rather than the pivot announcement alone.
Decrypt and CoinDesk have also published a related report, providing another attributed account to compare without treating repetition as proof.
What remains unknown
- The extract does not provide complete conversion costs, signed AI capacity or recurring revenue terms.
- No matched primary document independently supporting the central claim is linked to this page.
The named assets, right now
Spot quotes from Kraken, checked .
How the story developed
Decrypt and CoinDesk are reporting related developments. Reports are shown in publication order; separate coverage is not independent confirmation.
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CoinDeskCurrent briefing Bitcoin miners pay Paraguay $350 million a year, but AI is pushing them out
Contracts that sell power to a 4% slice of the world’s bitcoin mining at $44 a megawatt-hour expire on Dec. 31, 2027. Paraguay’s state utility calls the date final, and it has just signed a 15-year deal to power a Founders Fund-backed AI…
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