Colombian President Gustavo Petro Proposes Bitcoin Mining Hub on Caribbean Coast

Colombian President Gustavo Petro said in a May 6 X post that Barranquilla, Santa Marta and Riohacha could host Bitcoin mining facilities as part of a development plan for Colombia’s Caribbean coast. Petro cited Paraguay and Venezuela as examples of countries using renewable energy for Bitcoin mining and presented the proposal as a way to support regional development. The new remarks add Venezuela to the international comparisons Petro has used alongside Paraguay when discussing renewable-energy-powered mining in Latin America.

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