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Mining Bitcoin News

Excessive Greed: More Bitcoin Mining Companies Are Abandoning Paraguay for Brazil

The recent power hikes that ANDE has enacted for Bitcoin mining companies are already impacting their operations in Paraguay. According to recent reports, the Penguin Group, a cryptocurrency mining operator, has already...

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Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

Excessive Greed: More Bitcoin Mining Companies Are Abandoning Paraguay for Brazil
The recent power hikes that ANDE has enacted for Bitcoin mining companies are already impacting their operations in Paraguay. According to recent reports, the Penguin Group, a cryptocurrency mining operator, has already signed a contract to secure 400MW of energy in Brazil. This could be a potential destination that other companies are considering. Paraguayan Bitcoin […]

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This mining story adds another data point to the current market tape and is useful when read alongside nearby source coverage.

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