Libya's Unlikely Bitcoin Boom: Cheap Power Fuels Mining Amidst Government Crackdown

Libya has emerged as an unexpected hub for Bitcoin mining, driven by the nation's exceptionally low electricity prices. This surge in mining activity, however, is straining the already fragile power grid and has prompted authorities to intensify crackdowns on illegal operations. The allure of cheap power has attracted miners, but the consequences are proving costly for the country's infrastructure.