Miami Mayor Francis Suarez says the city should become a “clean energy” bitcoin mining hub.
- The mayor of Miami said in an interview with Laura Shin that part of bitcoin mining’s problem is its reputation as a “dirty activity” because “90% of it is done in countries that have dirty energy.”
- Suarez said he would love for Miami to become a bitcoin mining hub to harness the city’s nuclear power capability, “a clean energy supply that’s essentially unlimited.”
- Solar and hydrogen-powered technology could also enter this mix in the future, Suarez said.
- He also cited national security reasons as a motivation because there is an unease about 90% of mining being done outside of the U.S.
- Suarez had been asked by Shin how he reconciles his interest in bitcoin with the environmental impact of mining and fighting the effects of climate change on Miami.
- The Miami mayor proposed in February that residents be able to pay for services in bitcoin and that city employees be given the option of getting paid in it.
- The city’s commissioners voted to study the use of crypto before proceeding.
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.