Mining landscape reshaped: Why is capital flowing from Paraguay to North America?

【Crypto World】The logic behind Bitfarms’ withdrawal from Paraguay is quite intriguing. This is not simply a matter of declining mining profitability, but rather capital reselecting its focus— the explosion of artificial intelligence and high-performance computing has changed the用途 of mining farms, and low-cost regions are no longer the only answer.

Why has North America become the new main battleground? The stability of the electricity market, transparency of regulations, ease of financing, along with strong local demand for computing power, these conditions together create a competitive advantage. Unlike cheap electricity, here we are talking about the advantages of a comprehensive ecosystem.

Interestingly, Bitcoin mining is now not just about mining coins; it is evolving into a form of infrastructure— serving as a testing ground for future computing workloads. What about places like Paraguay with cheap electricity? Their roles are also shifting, from frontline positions to long-term strategic reserves. The industry is evolving, and the market landscape is adjusting accordingly.