Belarus government considering crypto mining with excess energy supply

President Belarusian Aleksandr Lukashenko has ordered newly named officials to prioritize improvements in energy infrastructure and to explore the national exploitation of cryptocurrencies, citing an excess supply of electricity and growing demand.

Addressing the newly appointed Minister of Energy, Aleksei Kushnarenko, Lukashenko underlined the need to update the Bélarus electricity network, in particular 5,700 km of crucial networks for houses and electric vehicles, according to to local reports.

He noted that if high -voltage infrastructure is stable, other areas require strengthening to prevent breakdowns like those observed in the Gomel region after recent storms.

The government aims to ensure reliable electricity at 1,500 colonies.

This feeling of pro-Crypto exploitation is not new, as Bélarus Minister of Energy, Viktor Karankevich, confirmed in 2021 that the government has explored the potential to use its excess energy supply for cryptography extraction.

They would have conducted a detailed study on the feasibility and risks of mining would be conducted, noting the success of mining industries in countries like China, the United States, Canada and Russia.

Electricity widening for heating and exploitation of cryptography

Lukashenko also put pressure for greater use of electricity for heating and hot water, citing plans for a second nuclear power plant. He formulated this as a long -term strategy to meet the public demand and provide a lasting energy future in Bélarus.

Addressing the potential for the extraction of cryptocurrencies, Lukashenko mentioned the excess power of the country and the growing world interest in digital assets, according to local relationships.

He suggested that the Bélarus could either attract investors to exploit crypto or establish mining operations supported by the State, asking managers to rationalize regulations and propose usable plans.