ANDE Supports Bitcoin Mining in Paraguay: "It Will Inject $240 Million this Year."

The meeting brought together authorities and leading companies in the crypto ecosystem with the aim of discussing regulation, education, and technological development in Paraguay

The president of Paraguay's National Electricity Administration (ANDE), Félix Sosa, participated in the "Paraguay Blockchain Summit 2025," an event organized by the Paraguayan Chamber of Fintech in collaboration with CriptoPY and international partners.

The meeting, held in the event hall of the Sheraton Hotel in Asunción, brought together national and international authorities, representatives from the public and private sectors, academics, and leading companies in the crypto ecosystem with the aim of discussing regulation, education, and technological development in Paraguay.

One of the central themes was the energy impact of cryptocurrency mining in the country. During his panel discussion, Mr. Sosa explained that in Paraguay, cryptocurrency mining facilities can only be set up with authorization from ANDE, in designated locations, and through specific projects with dedicated power lines.

"This scheme prevents the population's consumption from being affected, ensuring responsible and controlled use of electricity, in line with the planning and capacity of our electrical system," he said.

Sosa recalled that in 2022, through Decree No. 7824/22, the Executive Branch authorized the creation of the Special Intensive Consumption Group, promoted by ANDE. This group includes users who use electricity for data processing, information storage services, crypto asset mining, blockchain, tokenization, and data centers. These projects are supplied with Very High Voltage (220 kV), High Voltage (66 kV), and Medium Voltage (23 kV).

"Paraguay is one of the few countries in the world that has defined this specific group, establishing rates and supply conditions tailored to the needs of these users. This allows us to take advantage of our energy resources with competitive prices that cover all associated costs," emphasized the head of ANDE.

The president of ANDE sees potential in digital mining. Source: ANDE

Revenue and energy demand projections

During the event, Sosa confirmed that ANDE estimates revenues of USD 240 million in 2025 thanks to legal crypto mining operations in the country. Currently, demand in the sector exceeds 700 MW, and is projected to reach 1,000 MW by the end of this year.

"The revenue from this activity for ANDE would be around US$240 million, a figure that represents a great opportunity to strengthen the national electricity infrastructure and diversify the State's sources of income," he said.

Along the same lines, the Minister of Industry and Commerce (MIC), Javier Giménez, emphasized that crypto mining could become a strategic ally for the development of new investments in the energy sector.

"Any cryptocurrency mining operation that sets up in Paraguay and operates in accordance with ANDE's plans will pay a special rate, and those resources may be allocated to electrical infrastructure projects, which are currently a priority," he said.

Innovation, transparency, and sustainability

The president of ANDE reaffirmed the institution's commitment to technological innovation, transparency, and the development of clear regulatory frameworks that enable sustainable growth in the sector, while guaranteeing energy supply to citizens.

"The challenge is to move forward with the modernization of the electrical system and attract responsible investments, taking advantage of Paraguay's position as a hydroelectric powerhouse," said Sosa.

In line with ANDE CEO Bruno Vaccotti, miner, bitcoiner, and executive at local company Penguin Group, he emphasized during the panel:

"We must provide resources and autonomy to ANDE, which has responded to the trust placed in it with hard work. There we have the example of Valenzuela, which has established itself as an energetic heart that pumps electricity throughout the country."

In Vaccotti's opinion, continuing to export electricity "at bargain prices" deprives ANDE of the money "needed to improve the country's electrical infrastructure."