U.S. Proposes Bitcoin Mining at Disputed Ukrainian Nuclear Plant

The U.S. is interested in utilizing the Zaporizhzhia Nuclear Power Plant (ZNPP) for Bitcoin mining as part of peace negotiations with Russia over the Ukraine conflict.

Key Developments in Bitcoin Mining and Negotiations

The U.S. aims to establish crypto mining operations at ZNPP, Europe's largest nuclear power plant, currently under Russian control.
This proposal is linked to U.S.-Russian discussions about electricity supplies to Ukraine.
Russia took control of ZNPP in March 2022, leading to ongoing disputes over plant ownership and power distribution.
The U.S. initially proposed a joint management with Russia excluding Ukraine, but later suggested equal stakes for all three countries, which Kyiv opposed.
Ukraine proposed a 50-50 venture with the U.S., offering half of the plant's electricity output to each party.

Global Trends in Bitcoin Mining

The U.S. has increased its Bitcoin mining activities, marked by Grayscale's launch of a Bitcoin Miners ETF in January.
France plans a 5-year Bitcoin mining initiative expected to generate $150 million.
China is regaining its position in Bitcoin mining, capturing 14% of the global hashrate despite previous bans.