Belarus is actively promoting itself as a hub for cryptocurrency mining, offering investors favorable conditions and cheap electricity.
Dialogue with Investors
The Belarusian government is in dialogue with mining companies to explore business development opportunities. Consultations with investors are underway, and possible sites for new mining farms are being considered. The emphasis is on developing long-term energy infrastructure.
Nuclear Energy and Crypto Mining
In recent months, Belarus increased its energy capacity through the operation of the Astravets Nuclear Power Plant. The two reactor units enable the country to generate 2400 MW of electricity, supporting energy-intensive industries. Electricity tariffs for miners are linked to their consumption volumes: the higher the volume, the lower the tariff. This is aimed at attracting large-scale mining operators.
BRICS Status and Prospects
Belarus's recent BRICS partner status makes it more attractive to foreign investors. Full BRICS membership could unlock additional economic opportunities. Russia's largest mining firm, BitRiver, has already shown interest in expanding in Belarus.
Belarus is taking solid steps to become a key player in the crypto mining sector. Government support and a strengthened energy infrastructure are attracting increasing investor attention and fostering sustainable growth in the industry.
