Paraguay Utilizes Seized Equipment for Bitcoin Mining Pilot
- ANDE, the state power company of Paraguay, has initiated a pilot program to mine Bitcoin.
- The program is in collaboration with Morphware, an AI and mining tech company.
- Seized mining equipment will be used in this initiative to produce Bitcoin.
- Felix Sosa, President of ANDE, announced that the mined Bitcoin will be sold as a hedge for futures contracts.
Paraguay’s state power company ANDE is collaborating with Morphware to launch a pilot project using seized miners for mining Bitcoin. The initiative aims to leverage these resources effectively by selling the mined Bitcoin as a hedge against futures contracts.
This strategic move highlights Paraguay’s efforts to capitalize on seized assets and integrate them into productive economic activities through innovative partnerships with tech companies like Morphware. (Source)
