hkan logo

Laos to Mine Bitcoin Using Surplus Hydropower to Tackle Debt

Laos to Mine Bitcoin Using Surplus Hydropower to Tackle Debt

HKAN | Sep 19

 

Laos Government Turns to Bitcoin Mining Amid Debt Challenges

The government of Laos is reportedly set to begin mining Bitcoin (BTC) as a strategy to monetize its surplus hydropower capacity and tackle its mounting national debt.

Laos, known for its abundant hydropower resources, is looking to convert excess electricity into revenue by entering the Bitcoin mining sector. This move comes at a time when the country faces rising financial pressure and seeks new ways to stimulate its economy.

Strategic Use of Renewable Energy

By leveraging renewable energy sources, Laos aims to:

Bitcoin mining with hydropower is seen as a greener, more sustainable solution compared to fossil fuel-based operations — aligning with global pushes for environmentally friendly crypto practices.

If successful, this could set a precedent for other energy-rich nations to use crypto mining as a tool for economic growth and debt relief.


💬 Comments

No comments yet. Be the first!

Please log in to post a comment.

Laos to Mine Bitcoin Using Surplus Hydropower to Tackle Debt | HKAN.trade