Commons Foundation Signs 100MW Deal for Crypto Mining in Paraguay

The contract between the Paraguay Electrical Authority (ANDE) and the Commons Foundation sets the price for the electricity at $30.78 per megawatt hour (mWh). However the price can be readjusted annually, as well as depending on regulations, under the terms of the deal. Miners usually prefer fixed-price agreements, locking in prices in advance so that they are not affected by price fluctuations.

Source: https://www.coindesk.com/business/2022/07/21/commons-foundation-signs-100mw-deal-for-crypto-mining-in-paraguay/?utm_medium=referral&utm_source=rss&utm_campaign=headlines