Miami mayor offers clean nuclear power in the city to Chinese Bitcoin miners
As crypto-mining concentration is expanding in North America, Miami mayor Francis Suarez is looking to position his city as a hub for crypto mining activity.
While speaking to CNBC, Mayor Suarez said he is inviting foreign mining companies to consider establishing data centers in Miami.
Mayor believes that Miami’s ample nuclear electricity supply should attract Bitcoin miners looking to adopt clean energy sources for their operations, especially amid the current spotlight on the supposed carbon footprint of crypto mining.
Back in March, Mayor Suarez has previously weighed in on the issue claiming that 90% of Bitcoin mining was from “dirty energy.” At the time, the Miami mayor argued that a shift in mining concentration to the United States may help to ease environmental concerns.
In order to attract miners, Mayor Suarez stated that city officials were looking to reduce the cost of energy in conjunction with the power companies, with several other incentives like favorable taxes and minimal regulations are also on the table.
The plan may also further expand Miami’s crypto adoption drive with the city looking to become the Bitcoin and crypto hub of the world.
Suarez’s open invitation to overseas miners is also coming at a time of increasing clampdowns on crypto mining by Chinese authorities. Recently, reports emerged that crypto miners in Ya’an, a city in the Sichuan Province, have been ordered to shut down their operations.