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More companies looking to Paraguay as Bitcoin mining destination

RIO DE JANEIRO, BRAZIL - Paraguay's dream of becoming a mining center now seems to have become a reality. reports that Paraguay is one of the destinations under consideration by several companies to establish their bitcoin mining operations.

Last week, Chinese company Future Fintech announced formal plans to build a bitcoin mining facility in the country, stating that it was determining the best location for its next farm.

In a statement, the company's CEO Shanchun Huang said he would review the facts to determine the route the company would take to make this a reality.

"We plan . . .

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