Paraguay's ANDE Partners with Morphware for Government Bitcoin Mining Project Using Seized Rigs
Paraguay's national power utility ANDE has signed an MoU with Morphware to initiate the country's first government-led Bitcoin mining project using 1,500 seized mining rigs. The project will utilize surplus hydropower and is aimed at compliant mining operations. ANDE will manage the mining farm while Morphware will offer technical support. The government is considering selling the mined Bitcoin for public spending or holding part of it through financial instruments.
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Paraguay's national power utility ANDE has partnered with crypto infrastructure firm Morphware to launch the first government-led Bitcoin mining pilot project. The initiative will utilize approximately 1,500 confiscated mining rigs and will rely on the country's surplus hydropower.
ANDE will oversee the mining farm, while Morphware will provide the necessary technical and operational support. The Paraguayan government is evaluating options for the mined Bitcoin, including selling it for public expenditure or retaining a portion through financial instruments.
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