France is the largest producer of nuclear power in the European Union, according to 2023 data from Eurostat. It accounted for 338,202 gigawatt hours, or more than half the 27-nation bloc's total output. The heat produced by nuclear fission is used to produce electricity, but more than two-thirds of it is lost, the statistics agency said.
“It’s a secure and extremely profitable solution,” said Aurélien Lopez-Liguori, a member of parliament involved in drafting the bill. The draft is still in the early stages and follows a previously rejected amendment from June that suggested evaluating crypto mining’s contribution to France’s energy mix.
Tapping surplus energy to mine bitcoin isn’t a new concept. In May, Pakistan committed 2,000 megawatts of electricity to mine bitcoin and to power artificial intelligence data centers, taking advantage of coal-fired power plants running at 15% capacity.
Similarly, leading stablecoin issuer Tether is exploring $BTC mining using surplus renewable energy from South American agribusiness firm Adecoagro. Tether owns a 70% stake in Adecoagro.