- Belarus is exploring Bitcoin mining, citing excess electricity and global demand for crypto reserves.
- President Lukashenko’s move is inspired by Trump’s proposal for a U.S. national crypto reserve.
- Belarus’ cheap energy and investor interest could make it a new hotspot for Bitcoin mining.
Belarus President Alexander Lukashenko has directed his government to assess the possibility of large-scale cryptocurrency mining using the country’s excess electricity. The Belarusian president’s comments come amid reports that the United States, under President Donald Trump, is considering a strategic national reserve for Bitcoin and other cryptocurrencies.
“If it is profitable for us, let’s do it. We have excess electricity. Let them make this cryptocurrency and so on,” Lukashenko told his newly appointed Energy Minister, Alexei Kushnarenko, according to Belarusian media outlet Belta.
Lukashenko emphasized that the global economy is shifting toward digital assets, citing the U.S. as a major driver. “You see the path the world is going. And especially the largest economy in the world. They announced yesterday that they will keep [crypto] in reserve,” he stated.
This move positions Belarus among many nations leveraging their energy surplus for cryptocurrency mining. El Salvador has already started mining Bitcoin using geothermal energy. Also, Bhutan operates over 100 megawatts (MW) of mining infrastructure, with plans to expand to 500MW
Trump’s Bitcoin Push Inspires Global Adoption
Donald Trump’s pro-Bitcoin stance is fueling global interest. With the White House Crypto Summit set for March 7, speculation is high. Trump’s Commerce Secretary, Howard Lutnick, hinted at a U.S. Bitcoin reserve, saying, “The President definitely thinks that there’s a Bitcoin strategic reserve.” The potential policy shift has drawn attention from crypto leaders and governments worldwide.
Eleanor Terrett of Fox Business confirmed that over 25 industry figures have been invited. Meanwhile, a separate invite-only reception is planned for those excluded from the summit. As Trump’s influence grows, nations like Belarus are now exploring Bitcoin mining.
Analysts believe the U.S. Bitcoin reserve could accelerate adoption. Crypto advocate Anthony Pompliano believes there is a 67% chance that Trump will create a national Bitcoin reserve.
Belarus’ Energy Advantage and Regulatory Considerations
Belarus has the lowest electricity costs in Europe, which makes Bitcoin mining possible and easier. The country ranks among the top three most affordable nations in terms of electricity prices.
The Ministry of Energy has reportedly held discussions with investors exploring mining opportunities in Belarus. Former Deputy Energy Minister Denis Moroz confirmed that several proposals are under review.
Despite the potential benefits, energy cost is a major factor to consider for substantial mining profitability in 2025, including hardware efficiency, market conditions and government policy. The industry’s margins have been squeezed due to Bitcoin’s halving cycles and regulatory pressures.
Environmental concerns also play a role. While some critics argue that Bitcoin mining increases carbon emissions, a recent study found that operations using surplus or renewable energy can reduce the environmental impact of power production. Crypto researcher Daniel Batten highlighted that Bitcoin mining could align with sustainability goals by utilizing wasted energy sources.
Highlighted Crypto for Today
