Belarusian Deputy Energy Minister Says Crypto Miners Are Flocking into the Country, Plans to Offer Incentive Tariffs

Odaily reports that Denis Moroz, Deputy Minister of Energy of Belarus, welcomes more cryptocurrency miners to the country, and that more and more mining investors are showing "strong interest" in the country. Moroz said the government is holding "consultations" with unnamed parties. Cryptocurrency mining companies are also analyzing potential locations to set up new mining facilities in Belarus. Government officials pointed out that cryptocurrency miners have already consumed 120 megawatts of electricity. Moroz believes that "cryptocurrency mining is a promising industry that has gained new life in Belarus." Moroz added that the Ministry of Energy only wants to cooperate with participants who are "interested in long-term work in the Belarusian energy system." He also said that incoming cryptocurrency miners should also help "create the necessary infrastructure" to help Minsk expand its cryptocurrency mining capacity, "We see very great prospects, we have received many requests. I think we will see new projects launched in the near future." In addition, the government also intends to provide "incentive tariffs" to attract cryptocurrency miners. (BelTA)