France Sparks Innovation with Bitcoin Mining Proposal

Key Points

1. The proposal, introduced on July 11, seeks to utilize surplus electricity for Bitcoin mining to turn economic losses into profits.

2. A five-year pilot phase would involve mining centers near power sources, potentially generating $100-150 million annually with 1 GW capacity.

3. The plan includes utilizing heat energy and draws inspiration from similar initiatives in Iceland, Norway, and Sweden.

4. Lawmakers highlight the potential to support the digital economy and revitalize idle factory areas through this initiative.