Paraguay's national electricity company, ANDE, has signed a memorandum of understanding with crypto infrastructure company Morphware to launch the country's first government-led Bitcoin mining pilot project using Bitcoin mining rigs seized by law enforcement. The first phase will deploy approximately 1,500 confiscated mining machines and utilize surplus local hydropower resources for compliant mining. Under the agreement, ANDE will be responsible for ownership and oversight of the mining farm, while Morphware will provide technical and operational support. The government is discussing whether to sell the mined Bitcoin for public spending or hedge risks through financial instruments and hold a portion of the assets. (BitcoinMagazine)