The Lao government plans to use hydropower surplus to conduct Bitcoin mining to alleviate the debt crisis

ChainCatcher news, according to Coinpedia, the Lao government plans to utilize the surplus electricity generated from its hydropower projects to engage in Bitcoin mining, aiming to create new revenue sources through digital asset mining and alleviate the debt pressure caused by large-scale hydropower investments.

In recent years, Laos has vigorously developed hydropower, with electricity exports accounting for 26% of total exports, but due to insufficient domestic and foreign demand, there is an electricity surplus. The government hopes to transform its energy advantages into economic growth through cryptocurrency mining and attract local digital asset investments to achieve fiscal stability.