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Bitcoin (BTCUSD) Mining Surges in Libya Despite Crackdowns Amid Subsidized Power Strains

Cointelegraph Read original source (opens in a new tab)
The Story

News Summary

  • Libya's cheap subsidized electricity enabled profitable Bitcoin mining despite legal ambiguity.
  • Recent government crackdowns target illegal farms amid power shortages.
  • The uncertain regulatory environment and ongoing raids create both risks and opportunities for BTC miners in Libya and similar fragile states.
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