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Bolivia repurposes idle power plant for sustainable Bitcoin mining amid gas subsidy cuts

Market News
24 May 2026
Crypto Briefing
View Source
Bullish
pluang ai news

Bolivia is shifting its Bitcoin mining industry from relying on cheap, subsidized natural gas to a sustainable model by reviving a dormant 127 MW thermal power plant in Cochabamba. Italian firm Alps Blockchain, in partnership with local Qurubiqa, is currently operating 27 MW of the plant's capacity to mine Bitcoin, with plans to scale to full capacity backed by government tax exemptions. This move addresses Bolivia's fiscal challenges and currency instability by denominating mining revenues in US dollars, attracting foreign investment and potentially boosting the country's global Bitcoin hashrate contribution. However, risks remain due to Bolivia's history of policy reversals affecting foreign energy ventures.

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