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Colombian President Gustavo Petro said the country\u2019s Caribbean coast could become a Bitcoin mining hub if it uses clean energy and brings local communities into the plan.<\/strong><\/p>\n <\/p>\n Petro pointed to Barranquilla, Santa Marta, and Riohacha as possible sites. He said the region could follow countries such as Venezuela and Paraguay, where low-cost energy has attracted Bitcoin mining investment.<\/p>\n Petro made the comments<\/a> in a post on X while responding to a discussion on Bitcoin mining in South America. He said the Caribbean region could receive \u201can immense boost\u201d from mining tied to renewable energy.<\/p>\n <\/p>\n The president also called for talks with the Way\u00fau community. He said the Indigenous group should be involved as possible co-owners of future projects. The Way\u00fau mainly live in La Guajira, where Colombia has strong wind and solar resources.<\/p>\n Petro\u2019s remarks referred to Paraguay\u2019s growing role in Bitcoin mining. The country has used surplus hydroelectric power to attract miners, including large firms building sites near the Itaipu dam.<\/p>\n As featured in earlier coverage, HIVE Digital acquired Bitfarms\u2019 200 MW hydro-powered Yguaz\u00fa site in Paraguay for $56 million. The company said the deal lifted its planned Paraguay mining infrastructure to 300 MW.<\/p>\n That deal shows why energy-rich countries have become more attractive to Bitcoin miners. Mining firms often seek cheap and steady power, while host countries look for ways to turn unused electricity into revenue.<\/p>\n Colombia already gets a large share of its electricity from clean sources. The World Bank said<\/a> the country generates as much as 75% of its power from renewable energy, more than twice the global average.<\/p>\n That energy mix could help Petro frame Bitcoin mining as part of a clean power plan. He has also warned that crypto mining powered by fossil fuels could worsen climate change.<\/p>\n\n
Paraguay model draws attention<\/strong><\/h2>\n
Colombia\u2019s renewable base supports the proposal<\/strong><\/h2>\n