Paraguayan mining companies have urged the country's electricity commission to reconsider raising electricity prices, saying it could cost $1.50 billion

On July 19, Paraguay's national grid operator, the National Electricity Authority (ANDE), announced at a press conference that it will continue to raise electricity prices for legal crypto miners as planned. However, Paraguay's crypto miners have urged the country's regulators to reconsider the upcoming increase, arguing that it will hurt the country's economy and could cause losses of up to $1.50 billion.