- Laos is using surplus hydropower for Bitcoin mining
- The country aims to become a crypto mining hub in Southeast Asia
- Government sees crypto as a way to grow the economy
Laos has entered the world of Bitcoin mining, using its excess hydroelectric energy to power crypto mining operations. According to the South China Morning Post, the country is leveraging its abundant water resources—especially during the rainy season—to fuel a growing digital asset industry.
By redirecting surplus electricity that would otherwise go to waste, Laos is positioning itself as a regional leader in Bitcoin mining. With over 80% of its power generated from hydroelectric sources, the country has found an eco-friendly and economically viable way to engage in crypto.
Laos Aims for Economic Growth Through Mining
In 2021, the Laotian government legalized cryptocurrency mining and trading. This marked a major shift in policy and opened the door for partnerships between the state and private crypto companies. The goal? To diversify national income and modernize the financial sector.
So far, the results have been promising. Several licensed mining firms have set up operations in the country, and the government is already earning millions in revenue through licensing fees and electricity sales. For a developing nation like Laos, crypto represents a new economic frontier.
Nation-States Adopting Crypto Strategy
Laos joins a growing list of countries experimenting with Bitcoin as part of their national economic strategy. As energy-rich nations look for ways to monetize excess power, Bitcoin mining becomes an attractive option.
This move also signals a broader trend: nation-states are no longer standing on the sidelines of the crypto revolution. With the right resources and regulation , even smaller economies like Laos can compete on the global stage.
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