French lawmakers have introduced a bill aimed at using surplus nuclear energy for Bitcoin mining, potentially generating up to $150 million annually.
According to the proposal submitted on July 11, France would initiate a five-year pilot project allowing energy producers to use surplus electricity for Bitcoin mining. This approach aims to reduce economic losses associated with selling excess energy at a loss, enhancing efficiency in the use of the country's energy resources.
The bill further highlights the possibility of establishing Bitcoin mining facilities in unused industrial or factory locations close to energy production sites. This strategy would not only revive idle industrial assets but also prevent any disruption to existing energy supplies. Lawmakers also pointed to similar successful projects in Iceland, Norway, and Sweden as evidence supporting the initiative.
Should the bill be approved, France could significantly increase its energy efficiency and strengthen its position as a leading country in the cryptocurrency industry.
