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Story summary
- Laos seeks to become Southeast Asia's "battery" by generating surplus electricity from hydropower, despite facing substantial debt from dam projects.
- The government is exploring cryptocurrency mining to utilize this excess energy, drawing both interest and controversy.
- Bit Digital CEO Sam Tabar warns that the commercial bitcoin mining industry may struggle due to upcoming halving events, while sovereign states could profit from low-cost mining.
- Bhutan and Ethiopia successfully use surplus hydropower for bitcoin mining.
- Analysts foresee energy utilities taking a leading role in bitcoin mining, which may help stabilize power systems.
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