Paraguay to End Special Power Contracts for Crypto Miners by End-2027

Paraguay is effectively reallocating its hydropower surplus from crypto mining toward AI data centers, and the 2027 deadline gives miners a defined runway rather than an abrupt cut. The concentration risk is stark: HIVE Digital's reliance on Paraguay means its exposure is a single-jurisdiction question, not a marginal cost issue. The open question is whether miners can renegotiate terms or relocate capacity before the contracts lapse, and whether other hydro-rich jurisdictions follow Paraguay's lead in prioritizing AI load.