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Over $4 Billion Moved by Cryptocurrency Scams in Paraguay
18.4.2025
Diosnel Alarcon, head of the cybercrime unit of the National Police of Paraguay, has indicated that over $4 billion was moved by cryptocurrency scams and Ponzi schemes in 2023 and 2024. Alarcon stated that middlemen help these platforms thrive, as people investing don’t know the basics...
Hive’s Frank Holmes on Expanding Bitcoin Mining in Paraguay
8.4.2025
The company’s chairman, a speaker at this year’s Consensus festival, looks at what's next for the mining industry
Hive Digital Doubles Down on Paraguay Bitcoin Mining Expansion
16.3.2025
“Hive Digital Chairman Frank Holmes stated that the company expects to expand its capacity by over 400% with its initiatives in Paraguay, a country that offers ample hydroelectric energy for the company’s operations. Hive Digital Hypes 400% Expansion in Paraguay Hive Digital, one of...
Paraguay Is Only Waiting for Crypto Law: El Salvador’s Top Crypto Regulator
11.3.2025
“From my perspective, Paraguay seems to have the groundwork laid for supervision, regulation, and taxation regimes," said CNAD President Juan Carlos Reyes
El Salvador and Paraguay Sign Agreement on Cryptocurrency Regulation
11.3.2025
El Salvador and Paraguay have signed a Memorandum of Understanding (MOU) on Friday, March 7, for strengthening their…
El Salvador Signs Crypto Regulation Agreement With Paraguay
10.3.2025
El Salvador had previously entered an agreement with Argentina
Hive Digital’s Paraguay Purchase to Quadruple Bitcoin Mining Capacity by Late 2025
28.1.2025
Hive Digital Technologies Ltd. announced the acquisition of Bitfarms’ 200 MW hydro-powered Bitcoin mining facility in Yguazú, Paraguay, aiming to increase its global mining capacity to 25 exahash per second (EH/s) by September 2025. Hive Digital Expands to 430 MW Global Capacity with Paraguay...
Bitcoin Miner Hive Digital to Buy Paraguay Site From Bitfarms for $85M
28.1.2025
The acquisition of the site in Yguazú, Paraguay will increase the company's hashrate to 25 EH/s from 6 Eh/s by September
Bitfarms sells Paraguay site to Hive for $85M, refocuses on US
28.1.2025
Bitfarms will sell its largest Paraguay mining farm to Hive Digital for $85 million as it focuses on its US expansion in Bitcoin and AI infrastructure
Bitfarms sells Paraguay site to Hive for $85M, refocuses on US
28.1.2025
Bitfarms will sell its largest Paraguay mining farm to Hive Digital for $85 million as it focuses on its US expansion in Bitcoin and AI infrastructure
Bitfarms sells Paraguay site to Hive for $85M, refocuses on US
28.1.2025
Bitfarms will sell its largest Paraguay mining farm to Hive Digital for $85 million as it focuses on US expansion in Bitcoin and AI infrastructure
Hive Digital buys 6,500 ASICs, starts Paraguay construction
11.11.2024
Hive Digital converted some of its capacity to AI after the Ethereum Merger, and now it is upgrading its Bitcoin mining capacity
Holy Bitcoin: Paraguayan Power Company Detects Illegal Crypto Mining Operation in a Church
3.9.2024
The National Power Administration of Paraguay (ANDE) recently detected an illegal bitcoin mining operation in an evangelical church. The church, which shared a power line with a nearby store, had established a connection before its power meter that was hidden within the same building. ANDE officers...
Latam Insights: Bukele Used Bitcoin as a Rebranding Tool; Bitcoin Mining Companies Stop Operating in Paraguay After Power Fee Hikes
2.9.2024
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news from the past week. In this issue: Salvadoran President Nayib Bukele acknowledges that bitcoin rebranded the country, some bitcoin mining companies have stopped operating in Paraguay after...
Report: Paraguayan Bitcoin Mining Industry Provides Fewer Than 400 Jobs
30.8.2024
A report presented to the Paraguayan Congress highlights the low level of employment associated with the country’s bitcoin mining activity. According to data from the Social Care Institute, the entire bitcoin mining industry is responsible for only 383 direct jobs, with over 40 companies...
9 Bitcoin Mining Companies Suspend Activities After Power Fee Hikes in Paraguay
27.8.2024
Nine Bitcoin mining companies have suspended their operations after the power fee hikes affecting high-consumption customers in Paraguay. According to data provided by the National Power Administration of Paraguay (ANDE), these companies had their service terminated due to the interruption of their...
Latam Insights: El Salvador Offers Bitcoin Instruction to 80,000 Public Servants; Mercado Libre Launches Stablecoin
26.8.2024
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news from the past week. In this issue: El Salvador will offer bitcoin certification for public servants, Mercado Libre launches an in-house developed dollar-pegged stablecoin, and Paraguay keeps...
National Power Administration of Paraguay Seizes 693 Miners in Illegal Bitcoin Mining Operation
23.8.2024
The National Power Administration of Paraguay (ANDE) has recently detected and seized an illegal bitcoin mining operation hosting 693 miners. ANDE inspectors detected a tampered meter that failed to register all the energy consumed by the equipment connected to the power grid. The detection...
Latam Insights: El Salvador to Receive $1.61 Billion for Economic Overhaul Plan; Venezuelan Government Blocks Binance
18.8.2024
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news from the past week. In this issue: El Salvador attracts $1.61 billion in investments for its economic overhaul plan, the Venezuelan government blocks Binance using a state-owned ISP, and...
Paraguayan Justice System Achieves Conviction for Power Theft Crime Linked to Cryptocurrency Mining
16.8.2024
The Paraguayan justice system has reached a milestone by achieving its second conviction related to a power theft crime linked to cryptocurrency mining. Carlos Raul Rojas, the owner of a dwelling where over 1,000 cryptocurrency miners operated, was sentenced to 18 months in prison for causing over...