Bản đồ khai thác mỏ đang định hình lại: Tại sao vốn đầu tư lại chảy từ Paraguay sang Bắc Mỹ?

【Coin Circle】Bitfarms’ withdrawal from Paraguay behind the logic is worth pondering. This is not simply a downturn in mining, but capital re-selecting the track—the explosion of artificial intelligence and high-performance computing has changed the purpose 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, the transparency of regulation, the convenience of financing channels, plus strong local demand for computing power, these conditions combined together become competitive advantages. Unlike cheap electricity, what we’re talking about here is the advantages of a comprehensive ecosystem.

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