Belarusian President Alexander Lukashenko instructed the energy ministry to develop the cryptocurrency mining sector using the country's excess energy supply.
Government Plans for Mining Development
Alexander Lukashenko appointed the new energy minister Alexei Kushnarenko to implement a plan to develop cryptocurrency mining as a way to generate additional revenue from surplus energy resources. The president stated, 'If it is profitable for us, let’s do it. We have excess electricity. Let them make this cryptocurrency and so on.'
Sources of Inspiration and Prospects
President Lukashenko drew inspiration from the United States example, following President Donald Trump's initiative to create a national crypto reserve comprising Bitcoin, Ether, and other altcoins. He emphasized the importance of understanding global trends, especially in the world's largest economy. 'You see the path the world is going. And especially the largest economy in the world. They announced yesterday that they will keep [cryptocurrency] in reserve,' - Lukashenko highlighted.
The Future of Crypto Mining in 2025
Although cryptocurrency mining remains generally profitable in 2025, the industry's margins face pressure from energy costs, hardware efficiency, and regulatory constraints. Belarus is known for its low electricity prices compared to the rest of Europe, attracting miners' attention. Agreements with investors and promising prospects for Belarus as a mining hub have already been discussed with the energy ministry.
President Alexander Lukashenko's initiative aims to utilize the country's surplus energy resources for the development of the crypto economy. The future of mining in Belarus promises to become a crucial part of the country's strategy for economic modernization and attracting international investments.
