Colombian President Gustavo Petro says Colombia could develop the Caribbean coast as a bitcoin mining hub, using surplus renewable electricity. Across multiple reports, Petro frames the plan as an effort to attract investment and create economic activity by leveraging the region’s energy resources.
He cites examples from other countries to support the approach. Petro points to Venezuela and Paraguay as places that have drawn mining investment, and specifically references Paraguay’s growth in bitcoin mining. CoinTelegraph and CoinDesk both note that Paraguay is among the leading mining countries by hashrate, highlighting it as a model for how mining could expand with access to power.
The reports agree that Petro’s proposal centers on renewable energy availability and the use of excess generation rather than expanding energy supply purely for mining. They also indicate that Petro sees the Caribbean as strategically suited for hosting mining operations if the electricity needed for mining can be provided sustainably and reliably.
