Belarus Invites Cryptocurrency Miners Amid Growing Interest

According to Odaily, Belarus is actively encouraging more cryptocurrency miners to establish operations within the country, as stated by Denis Moroz, the Deputy Minister of Energy. Moroz highlighted the increasing interest from mining investors and revealed that the government is in discussions with unnamed parties to facilitate this growth. Cryptocurrency mining companies are currently evaluating potential sites for new mining facilities in Belarus. Government officials have reported that cryptocurrency miners are already consuming 120 megawatts of electricity. Moroz expressed optimism about the sector, describing cryptocurrency mining as a promising industry that has gained renewed momentum in Belarus. He emphasized that the Ministry of Energy is keen to collaborate with participants interested in long-term involvement with the Belarusian energy system. Moroz also mentioned that incoming miners should contribute to developing the necessary infrastructure to help Minsk expand its cryptocurrency mining capabilities. He noted the significant potential and numerous inquiries received, suggesting that new projects are likely to commence soon. Additionally, the government is considering offering "incentive tariffs" to attract more cryptocurrency miners to the region.