Paraguay is one of the destinations being considered by various companies for setting up their bitcoin mining operations. Last week, Chinese company Future Fintech announced formal plans to build a bitcoin mining facility in the country, explaining they were determining the best location for the upcoming farm. In June, local media declared that there were eight Chinese economic groups interested in coming to the country. Paraguay Considered for Its Bitcoin Mining Potential Paraguay, an often overlooked country of South America, has recently been in the sights of mining institutions interested in establishing operations in the country. Paraguay presents several advantages for these groups, like an abundant supply of unused hydro-electrical power that could be put to work. Bitcoin mining activity has been stigmatized as a “dirty” industry, but having this much clean energy, companies could mine without worrying about the effect on the environment. Future Fintech, a Chinese company th
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