Colombia’s President Eyes Bitcoin Mining Boom for Caribbean Coast
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Paraguay accounts for 4.3% of global Bitcoin hashrate using surplus hydroelectric power, demonstrating renewable-powered crypto mining scalability. Venezuela holds ~7,500 MW of stranded energy surplus—larger than Paraguay’s share—presenting major capacity to host Bitcoin mining and monetize unused renewables. Colombian President Gustavo Petro publicly flagged Bitcoin mining for the Caribbean coast, signaling potential policy support and investment that could accelerate crypto adoption and infrastructure.
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- Petro named Santa Marta, Riohacha, and Barranquilla as potential Bitcoin mining hubs.
- Paraguay holds 4.3% of the global Bitcoin hashrate, built entirely on surplus hydroelectric power.
- Venezuela has 7,500 megawatts of stranded energy surplus, larger than Paraguay’s entire share.
A detailed report on Bitcoin mining in Paraguay, and its implications for Venezuela’s stranded energy surplus, caught the attention of an unlikely reader this week, Colombian President Gustavo Petro.
Petro responded publicly on X, drawing a direct line from what Paraguay built using surplus hydroelectric power to what Colombia’s Caribbean coast could replicate using its own untapped renewable energy resources.
“Today, countries with abundant clean energies locked away, like Venezuela and Paraguay, manage to attract investments in Bitcoin mining,” Petro wrote. “This could be the case for …
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