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From Contraband to Cash Flow? Paraguay To Mine Bitcoin With 30,000 Seized Rigs

Paraguay’s state‑owned electricity monopoly, Administración Nacional de Electricidad (ANDE), has signed a Memorandum of Understanding (MoU) with infrastructure firm Morphware to launch a government‑run Bitcoin mining program powered by thousands of confiscated mining machines and surplus hydroelectric power. What Does This Entail? In a first‑of‑its‑kind move, Paraguay state power company is about to become a…