Paraguay’s state-owned electricity monopoly, Administración Nacional de Electricidad (ANDE), has signed a Memorandum of Understanding (MOU) with Morphware, setting the stage for a government-led Bitcoin mining program built around thousands of seized mining machines and unused hydroelectric power.

The agreement formalizes cooperation between ANDE and Morphware, positioning Morphware as a technical and advisory partner for regulated Bitcoin mining operations in Paraguay. 

At the center of the deal is a growing stockpile of confiscated bitcoin miners that Paraguayan authorities have seized from illegal operations across the country.

According to Morphware founder and CEO…

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