Odaily Planet Daily News: Paraguay’s national electricity company ANDE has signed a memorandum of understanding with crypto infrastructure company Morphware, planning to launch the country’s first government-led Bitcoin mining pilot project using seized Bitcoin mining machines. The first phase will deploy approximately 1,500 confiscated mining machines and utilize surplus hydropower resources locally for compliant mining.
According to the plan, ANDE will be responsible for the ownership and regulation of the mining farms, while Morphware will provide technical and operational support. Regarding the mined Bitcoin, the government is discussing selling them for public expenses or hedging risks through financial instruments and holding some assets. (BitcoinMagazine)
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