Key Takeaways:
On May 7, peak 15,579 MW demand prompted Venezuela to reiterate bitcoin mining ban measures.The ban impacts local miners, mirroring a 2024 Russian Energy Ministry policy that saved 300 MW.Despite bans, reports explain that bitcoin mining offers untapped potential in harnessing stranded energy sources.The government of Venezuela issued a statement reiterating the ongoing ban on digital mining operations, as the country faces peak energy demand, prompting power rationing measures affecting citizens.
The government also cited international sanctions as a factor in the difficulties of recovering and maintaining the national electric system, and called on private companies to make effective use of their self-generating capabilities to help maintain the grid’s stability.
Finally, the government announced it will present a plan to recover and transform the nation’s grid.
The measure is similar to what the Russian government has applied in regions like Siberia since 2024, which are also affected by energy shortages. In February 2025, the Russian Energy Ministry stated that these measures helped to lessen the load on the Siberian grid by more than 300 MW, making it possible to avoid restrictions.
