‘We have excess electricity’: Belarus president orders development of crypto mining

Belarus President Alexander Lukashenko has instructed his vigor curate to statesman processing the country’s cryptocurrency mining industry, signaling a increasing intent to make further gross streams from the country’s excess vigor supplies. 

According to a March 4 study by section media outlet BelTA, President Lukashenko passed connected the instructions to the recently appointed curate of energy, Alexei Kushnarenko.

“Look astatine this mining,” Lukashenko said, according to a translated mentation of the report. “If it is profitable for us, let’s bash it. We person excess electricity. Let them marque this cryptocurrency and truthful on.”

Belarusian President Lukashenko addresses his caller government. Source: BelTA

The caput of authorities drew inspiration from the United States, which has vowed to go the crypto superior of the satellite pursuing the predetermination of President Donald Trump. This includes the instauration of a nationalist crypto reserve made up of Bitcoin (BTC), Ether (ETH) and different altcoins. 

Related: Is crypto’s ‘Trump effect’ short-lived?

“[Y]ou spot the way the satellite is going. And particularly the largest system successful the world. They announced yesterday that they volition support [cryptocurrency] successful reserve,” Lukashenko said.

The determination to analyse crypto mining was announced soon aft Lukashenko formed his caller government, wherever helium prioritized renovating the country’s 5,700-kilometer powerfulness grid. 

“The astir important happening is to upgrade the powerfulness grid infrastructure taking into relationship the increasing request for energy from households and economy,” said Lukashenko.

Crypto mining successful 2025

Although cryptocurrency mining remains generally profitable successful 2025, the industry’s margins are squeezed by vigor costs, hardware ratio and regulations. Market conditions besides play a relation arsenic sustained terms drops successful the worth of mined coins tin negatively interaction profitability. 

Belarus is known for having inexpensive vigor costs compared to the remainder of Europe. According to Belarussian authorities sources, Belarus is among Europe’s 3 astir affordable countries for energy prices.

Belarus’ inexpensive and abundant vigor has piqued the involvement of crypto miners, the Ministry of Energy reportedly said successful December. 

Government officials person already had preliminary consultations with investors who are looking astatine Belarus arsenic a imaginable mining hub, according to erstwhile Deputy Energy Minister Denis Moroz.

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