Belarus is considering the possibility of cryptocurrency mining, as President Aleksandr Lukashenko has highlighted the country’s surplus electricity as a potential asset for this sector. In a discussion with the newly appointed Minister of Energy, Alexei Kushnarenko, Lukashenko expressed interest in exploring mining if it proves profitable. This development aligns with the growing global interest in cryptocurrency mining.
Lukashenko pointed to the U.S. government's interest in establishing a national crypto reserve, including popular cryptocurrencies like Bitcoin, Ethereum, and others. He noted that this trend toward digital assets presents potential benefits for Belarus, and the country may capitalize on the increasing demand for cryptocurrencies.
Belarus wouldn’t be the first nation to embrace cryptocurrency mining. Bhutan, using its hydropower resources, has already built over 100 MW of Bitcoin mining infrastructure, with plans to expand further. El Salvador also utilizes geothermal energy for Bitcoin mining. These examples underscore the global interest in the economic potential of cryptocurrency mining in countries with abundant energy resources.