CoinVoice has recently learned that according to Bitcoin.com, Paraguay’s National Electricity Administration (ANDE) recently raised electricity prices, which has caused Bitcoin mining companies to begin looking for alternatives in neighboring countries such as Argentina and Brazil.

A joint venture between Argentine and Brazilian companies recently announced an 8 MW plan to generate 200 MW of electricity by 2026. Fernando Arriola, president of the Paraguayan Fintech Chamber, announced that several companies have signed documents to bring their operations to Argentina. [Original link]