The Chamber of Deputies of Paraguay accepted this Thursday, December 4, two tasks to acquire official data on mining actions of crypto belongings comparable to bitcoin.
The resolutions, offered by Congresswoman María Constancia Benítez, search to “strengthen the management, transparency and supervision mechanisms in a sector whose growth requires a exact analysis of the vitality, financial and regulatory impression.”
The establishments can have a interval of 15 days to ship the experiences requested, in line with the Chamber’s official web site.
The primary mission requests experiences from the Ministry of Trade and Commerce (MIC) on the registration of individuals and corporations licensed to mine Bitcoin and cryptocurrencies, together with all background data in bodily and digital format.
The second order is directed on to the state firm Nationwide Electrical energy Administration (ANDE) to demand a report that lists all electrical connections licensed for cryptoasset mining. This report should embrace the names of these accountable and the set up places.
The invoice was launched in 2024. At the moment, Paraguay was coping with a growth of unauthorized digital mining, as reported by CriptoNoticias.
At the moment ANDE reported interventions in additional than 30 clandestine farms solely in 2024. Tons of Bitcoin mining tools have been seized and a legislation was handed that punishes as much as 10 years in jail for mining with out permits.
Mining growth in Paraguay
Now, the panorama has taken a flip, because the new legislative initiative coincides with a large growth of mining within the nation. For example of this, the corporate HIVE Digital Applied sciences just lately introduced a brand new 100 megawatt knowledge middle in Yguazú.
The growth will elevate HIVE’s renewable capability in Paraguay to 400 MW. Development will start in early 2026 and can consolidate Paraguay as a world energy in Bitcoin mining.
In line with the most recent Hashrate Index warmth map, the nation holds about 3.9% of the world’s hashrate. Paraguay already controls 3.9% of the worldwide hashrate (This fall 2025, in line with Hashrate Index) and ranks within the high 4 on the planet, surpassing nations comparable to Canada and the United Arab Emirates.
The South American nation shares this elite place with the USA, Russia and China. Its vitality combine, based mostly on hydroelectric surpluses, has made it a sexy vacation spot for worldwide miners.
