Bitcoin Magazine
Paraguay Exploring Using Seized Miners for State-Run Bitcoin Operation
Paraguay’s state-owned electricity monopoly, Administración Nacional de Electricidad (ANDE), has signed a Memorandum of Understanding (MOU) with Morphware, setting the stage for a government-led Bitcoin mining program built around thousands of seized mining machines and unused hydroelectric power.
The agreement formalizes cooperation between ANDE and Morphware, positioning Morphware as a technical and advisory partner for regulated Bitcoin mining operations in Paraguay.
At the center of the deal is a growing stockpile of confiscated bitcoin miners that Paraguayan authorities have seized from illegal operations across the country.
According to Morphware founder and CEO Kenso Trabing, the government is holding “roughly 30,000” Bitcoin miners that were taken from operators accused of stealing electricity or falsely registering as other types of businesses to secure lower power r
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