Paraguay is solidifying its position as a key destination for cryptocurrency mining in Latin America. The National Electricity Administration (ANDE) announced an investment of $359 million between 2025 and 2028 to modernize its electrical infrastructure and reduce energy theft—often linked to unauthorized mining—by 15%.
Additionally, the country has increased electricity rates for cryptocurrency mining companies by 9% to 16% in an effort to cut losses from illegal mining activities, which are estimated to exceed $185,000.
These measures have attracted international companies such as Hive and Bitfarms, which are expanding their operations in Paraguay by taking advantage of legalized mining and a solid energy infrastructure.
In this context, using specialized firmware for ASIC equipment—such as that offered by Vnish.io—is essential to maximize efficiency and profitability. Vnish firmware provides precise hardware control, optimizing performance and reducing power consumption, which are critical factors in a competitive and regulated environment.
For miners in Latin America seeking to stay ahead, implementing solutions like Vnish offers a significant strategic advantage.