The initiative, formally submitted on July 11, is intended to optimize the country’s energy grid while exploring new avenues for economic development through the crypto asset ecosystem.
The proposal emphasizes that mining operations could play a constructive role in stabilizing the national grid, especially during periods of energy overproduction.
At the core of the bill is a focus on utilizing controllable and carbon-free electricity from nuclear and renewable sources. Lawmakers argue that surplus energy often goes to waste due to inadequate storage infrastructure and existing regulations that require nuclear plants to reduce output when renewable generation peaks.
The bill outlines plans to create data centers close to power generation sites, such as decommissioned factories or industrial zones, to efficiently harness surplus electricity for mining operations.
They further claim that such facilities would not compete with existing energy consumption demands, but rather act as a flexible energy sink that activates only when there is excess supply.
Citing data from the Association for the Development of Digital Assets (ADAN), the proposal estimates that allocating just one gigawatt of power to mining could generate between $100 million and $150 million annually.
Moreover, the bill notes that the waste heat generated by mining hardware could be captured through heat exchangers and redirected for practical use, such as heating residential buildings, greenhouses, or supporting industrial processes.
The proposal highlights that similar energy-reuse strategies are already being implemented in countries like Iceland, Norway, and Sweden, where mining operations use geothermal or hydroelectric power and redirect excess heat to local infrastructure.
While the proposal has not yet been passed into law, it reflects a broader shift in how countries are beginning to view Bitcoin mining, not merely as a high-energy process, but as a potential tool for grid management and economic development.
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