Key Takeaways:
Colombia’s Gustavo Petro warned that fossil-fueled Bitcoin mining risks global climate collapse.Paraguay holds the 4th largest global hashrate, while Venezuela’s 9-year peak energy crisis halted mining.Petro wants 3 Caribbean cities to mine Bitcoin, though the 2026 Hashrate Index report omits Colombia.Gustavo Petro, Colombia’s controversial leader, took it to social media to reiterate the need for green sources to power these energy-intensive activities.
Paraguay has taken advantage of its abundant hydroelectric resources in the Iguazu dam, one of the largest in the world, to offer very competitive energy prices ranging from $0.037 to 0.050/kWh.
