French lawmakers are pushing for an official inquiry into utilizing Bitcoin mining to manage the nation’s substantial electricity surplus, primarily generated by its extensive nuclear power grid. A proposal submitted to the National Assembly on June 12 suggests that the energy-hungry process of Bitcoin mining could efficiently absorb excess power, media reports said.
With over 70% of its electricity coming from nuclear energy, France frequently faces overproduction, leading to significant financial losses – estimated at nearly €80 million in wasted electricity in 2024, according to The Big Whale co-founder Raphaël Bloch. Lawmakers believe integrating Bitcoin mining could convert this wasted energy into economic value.
The proposal highlights Bitcoin mining’s “unique technical characteristics” as a flexible energy consumer. Mining operations can be swiftly activated or deactivated, located strategically near power sources, and scaled without impacting grid stability. Beyond grid management, proponents envision reviving old industrial sites as mining centers and recycling waste heat for urban or industrial use.
This move positions France among a growing number of nations, including Belarus and Pakistan, exploring Bitcoin mining as a strategic asset for energy optimization, waste reduction, and fostering digital innovation. The lawmakers also advocate for a regulated, low-carbon mining sector, aligning with France’s environmental objectives and potentially creating new jobs.
