The Mayor of Miami, Francis Suarez, is working on attracting Chinese miners with low-cost nuclear power, as, following the recent crackdown in China, miners have begun considering other countries in order to continue their operations.
At the same time, the crypto mining industry is taking fast steps towards renewable energy solutions.
Suarez declared during an interview with CNBC that he wasn’t contacted by Chinese miners – yet. Still, he wants to be ready for that and use the excess supply of cheap nuclear energy power of the city: “We want to make sure that our city has an opportunity to compete. We’re talking to a lot of companies and just telling them, ‘Hey, we want you to be here’.”
In Florida, nuclear energy is the second biggest source of energy, following natural gas: “The fact that we have nuclear power means that it’s very inexpensive power. We understand how important this is…miners want to get to a certain kilowatt price per hour. And so we’re working with them on that.”
But Florida isn’t the only US state where crypto mining operations will be explored, as Texas is increasingly interested in it also. A former security engineer at crypto exchange Gemini, Brandon Arvanaghi, declared: “You are going to see a dramatic shift over the next few months. We have governors like Greg Abbott in Texas who are promoting mining. It is going to become a real industry in the United States, which is going to be incredible.”