AI Outbids Bitcoin Miners for Power
AI data centers keep winning long-term power contracts from utilities that previously sold surplus energy to bitcoin miners, forcing hashrate to relocate and making compute a resource that states allocate deliberately.
forming · confidence 40 · Emerging (watchlist) · tracking since November 14, 2026 · updated November 14, 2026
Why the conviction moved
- Nov 14Strengthened +5
Paraguay's state utility ANDE called the December 31, 2027 expiry of miners' $44/MWh contracts final as it signed a 15-year AI power deal. Those contracts cover about 4% of global bitcoin mining and pay ANDE roughly $350 million a year. A state is deliberately moving cheap hydropower from hashrate to AI compute.
Source trail
Supporting · November 14, 2026
Paraguay's State Utility Says Bitcoin Miners' Cheap Power Contracts End in 2027 as It Signs a 15-Year AI Deal
Paraguay's state utility ANDE called the December 31, 2027 expiry of miners' $44/MWh contracts final as it signed a 15-year AI power deal. Those contracts cover about 4% of global bitcoin mining and pay ANDE roughly $350 million a year. A state is deliberately moving cheap hydropower from hashrate to AI compute.
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