Overview
- State utility ANDE signed an MoU with Morphware that sets up a regulated pilot in which ANDE operates the sites and Morphware provides technical guidance and training.
- About 1,500 confiscated ASIC miners will be redeployed at ANDE buildings near substations after low-cost retrofits such as ventilation, transformers, and metering.
- Morphware’s CEO says authorities hold roughly 30,000 seized machines from enforcement actions against electricity theft and tariff fraud, with the larger stockpile still in storage.
- Policymakers are weighing how to handle mined bitcoin, with Morphware advising revenue hedging by selling BTC futures on U.S. exchanges to reduce price risk.
- ANDE frames the program as a way to keep value from surplus Itaipu power at home while enforcing compliance through utility-controlled infrastructure.