French legislators are working on a new law that could allow nuclear plants to power Bitcoin mining, according to recent reports.
The proposed legislation suggests setting up Bitcoin mining equipment at facilities operated by Électricité de France (EDF), France’s main electricity provider, as reported by Le Monde. This aims to utilize the excess electricity produced by these nuclear plants.
According to 2023 Eurostat data, France is the leading nuclear energy producer in the EU, generating 338,202 gigawatt hours, which is over half of the EU’s total nuclear output. However, Eurostat points out that more than two-thirds of the heat from nuclear fission, which is used to create electricity, is wasted.
Aurélien Lopez-Liguori, a member of the French parliament involved in drafting the law, stated that it’s a “secure and extremely profitable solution.” This legislation is still in its initial phase, following a rejected amendment in June that proposed evaluating the contribution of crypto mining to France’s energy landscape.
The idea of using excess energy for Bitcoin mining isn’t new. Pakistan, in May, allocated 2,000 megawatts of electricity for Bitcoin mining and AI data centers, leveraging underused coal plants running at only 15% capacity.
Similarly, Tether, a major stablecoin issuer, is considering Bitcoin mining with surplus renewable energy in partnership with Adecoagro, a South American agribusiness company. Tether holds a 70% stake in Adecoagro.
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