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Paraguay initiates Bitcoin mining with wasted hydro energy, Daniel Batten states

Paraguay initiates Bitcoin mining with wasted hydro energy, Daniel Batten states
Paraguay launches Bitcoin mining project

Paraguay has begun using surplus hydroelectric energy to mine Bitcoin, following a similar approach taken by Bhutan.

Daniel Batten reports that the country could establish a National Bitcoin Reserve, with the mined Bitcoin likely to be held as a state asset or by the national treasury. These reserves may be used to help fund infrastructure projects, according to Batten.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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