Venezuela is becoming a key player in Bitcoin mining, thanks to its exceptionally cheap electricity and surplus energy in cities like Mérida, Valencia, and Maracay.Low costs and Mérida’s cool climate make it ideal for large-scale operations, where some farms generate up to $60,000 monthly from 1,000 rigs.

Despite regulatory restrictions on home-based mining, industrial operations thrive under a developing legal framework.While infrastructure issues persist,Venezuela leads Bitcoin mining in Latin America, showcasing its potential to harness cryptocurrency for economic recovery #Venezuela #BTC