Paraguay's abundant hydropower draws crypto miners, legal and not

In the Paraguayan city of Hernandarias, a data center with row upon row of supercomputers stands as a testament to a burgeoning crypto mining sector fueled by the South American country’s abundance of green electricity.

Run purely on renewable power, the soccer field-sized site was erected by local company Penguin Group near the Itaipu hydroelectric power plant, one of the world’s largest, on the Parana river.

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