President Lukashenko sees crypto mining as a potential opportunity, citing excess electricity and global demand.
Belarus Considers National Crypto Mining
Belarusian President Aleksandr Lukashenko has expressed interest in launching a national cryptocurrency mining initiative. During a discussion with Minister of Energy Alexei Kushnarenko, Lukashenko pointed to the country’s surplus electricity as a key resource that could be leveraged for mining digital assets.
Trump’s Crypto Reserve Spurs Global Interest
Lukashenko’s remarks follow recent reports that the U.S. government is exploring the creation of a national strategic crypto reserve. The proposed reserve would include cryptocurrencies such as bitcoin (BTC), ether (ETH), solana (SOL), ripple (XRP), and cardano (ADA). He acknowledged the shift in global financial trends, stating, “You see the path the world is going… They announced yesterday that they will keep [a crypto] reserve.”
Belarus’ Energy Surplus as a Strategic Asset
The President emphasized that Belarus has an excess energy supply that could be put to use. “We have excess electricity. Let them make this cryptocurrency and so on,” he told the energy minister, signaling that mining could become a state-backed initiative.
Other Nations Pioneering Bitcoin Mining
Belarus would not be the first country to adopt national crypto mining strategies. Bhutan has capitalized on its hydropower resources, running over 100 megawatts (MW) of bitcoin mining infrastructure, with plans to scale up to 500MW. Meanwhile, El Salvador utilizes geothermal energy for its bitcoin mining operations.
Potential Impact on Belarus’ Economy
A state-backed crypto mining industry could attract foreign investment and position Belarus as a competitor in the growing digital asset sector. If implemented, this move could align the country with other nations leveraging renewable energy for cryptocurrency production.
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