Arab Press

بالشعب و للشعب
Friday, Aug 22, 2025

Miami Mayor Wants to Bring Chinese Bitcoin Miners to Florida

Miami Mayor Wants to Bring Chinese Bitcoin Miners to Florida

Miami Mayor Francis Suarez has a message to Chinese Bitcoin miners facing regulatory crackdown in China: Miami could offer cheap nuclear energy to mine bitcoin.

Miami Mayor Francis Suarez said to CNBC that Miami has open doors to Chinese bitcoin miners who have recently faced a crackdown from officials in their home country.

Suarez commented:

“We want to make sure that our city has an opportunity to compete. We’re talking to a lot of companies and just telling them, ‘Hey, we want you to be here.’”

Suarez, an advocate of Bitcoin who has publicly declared that he holds the asset, has been taking deliberate measures to get Miami one step ahead of other American cities by integrating Bitcoin and other disruptive technologies into the city’s operations. As a result, his city can already be considered a hotbed for the most significant cryptocurrency – Miami’s website hosts the Bitcoin white paper, and the city held the largest Bitcoin conference of all time, Bitcoin 2021, earlier this month.

In addition, Miami residents could soon be able to pay taxes with bitcoin.

Suarez is now seeking to bring Bitcoin’s most critical industry to his city. Although he says he hasn’t personally received calls from Chinese miners, the mayor wants to leverage Miami’s supply of clean, cheap nuclear energy.

“The fact that we have nuclear power means that it’s very inexpensive power. We understand how important this is … miners want to get to a certain kilowatt price per hour. And so we’re working with them on that.”

Nuclear energy is one the state of Florida’s biggest power generators, second only to natural gas, according to CNBC. And the mayor is seeking ways to lower energy costs even more. According to the report, Suarez “is already in talks with Florida Power & Light Company to figure out how to further drive down the price of energy.”

Furthermore, the mayor is reportedly also considering setting up enterprise zones specifically for bitcoin mining. Enterprise activities in such zones would reap the benefits of special tax concessions, infrastructure incentives and scaled-back regulations. The hope is that these enterprise zones will further encourage miners to move to Miami and incentivize the creation of jobs and investment.

Suarez is targeting Chinese miners because of the delicate situation they’re currently facing. Ever since the Chinese State Council released a statement declaring that the government would crackdown on bitcoin mining, the industry has met some challenges.

For instance, Bitcoin miners in the Xinjiang province, which is home to one of the major economic and technological development parks in the country, received a notice last week demanding that their operations be shut down. The Zhundong park houses some of China’s most significant bitcoin mining facilities, all powered by fossil fuel energy.

If such bitcoin mining operations moved to Miami, not only would Bitcoin’s carbon footprint be reduced due to the American city’s nuclear power source, but it would also initiate a step further into a greater decentralization of bitcoin mining. And while Miami’s capacity to house many bitcoin mining farms is not yet proven, Suarez is optimistic and has been taking significant steps for this move to become a reality.

Source: Miami Mayor Wants to Bring Chinese Bitcoin Miners to Florida – Fintechs.fi

Newsletter

Related Articles

Arab Press
0:00
0:00
Close
Dogfights in the Skies: Airbus on Track to Overtake Boeing and Claim Aviation Supremacy
Tim Cook Promises an AI Revolution at Apple: "One of the Most Significant Technologies of Our Generation"
Are AI Data Centres the Infrastructure of the Future or the Next Crisis?
Miles Worth Billions: How Airlines Generate Huge Profits
Zelenskyy Returns to White House Flanked by European Allies as Trump Pressures Land-Swap Deal with Putin
Beijing is moving into gold and other assets, diversifying away from the dollar
Trump Backs Putin’s Land-for-Peace Proposal Amid Kyiv’s Rejection
Zelenskyy to Visit Washington after Trump–Putin Summit Yields No Agreement
Iranian Protection Offers Chinese Vehicle Shipments a Cost Advantage over Japanese and Korean Makers
United States Sells Luxury Yacht Amadea, Valued at Approximately $325 Million, in First Sale of a Seized Russian Yacht Since the Invasion of Ukraine
Saudi Arabia accelerates renewables to curb domestic oil use
Cristiano Ronaldo and Georgina Rodríguez announce engagement
Asia-Pacific dominates world’s busiest flight routes, with South Korea’s Jeju–Seoul corridor leading global rankings
Private Welsh island with 19th-century fort listed for sale at over £3 million
Sam Altman challenges Elon Musk with plans for Neuralink rival
Australia to Recognize the State of Palestine at UN Assembly
The Collapse of the Programmer Dream: AI Experts Now the Real High-Earners
Armenia and Azerbaijan to Sign US-Brokered Framework Agreement for Nakhchivan Corridor
British Labour Government Utilizes Counter-Terrorism Tools for Social Media Monitoring Against Legitimate Critics
WhatsApp Deletes 6.8 Million Scam Accounts Amid Rising Global Fraud
Texas Residents Face Water Restrictions While AI Data Centers Consume Millions of Gallons
India Rejects U.S. Tariff Threat, Defends Russian Oil Purchases
United States Establishes Strategic Bitcoin Reserve and Digital Asset Stockpile
Thousands of Private ChatGPT Conversations Accidentally Indexed by Google
China Tightens Mineral Controls, Curtailing Critical Inputs for Western Defence Contractors
JPMorgan and Coinbase Unveil Partnership to Let Chase Cardholders Buy Crypto Directly
British Tourist Dies Following Hair Transplant in Turkey, Police Investigate
WhatsApp Users Targeted in New Scam Involving Account Takeovers
Trump Deploys Nuclear Submarines After Threats from Former Russian President Medvedev
Germany’s Economic Breakdown and the Return of Militarization: From Industrial Collapse to a New Offensive Strategy
Germany Enters Fiscal Crisis as Cabinet Approves €174 Billion in New Debt
IMF Upgrades Global Growth Forecast as Weaker Dollar Supports Outlook
Politics is a good business: Barack Obama’s Reported Net Worth Growth, 1990–2025
UN's Top Court Declares Environmental Protection a Legal Obligation Under International Law
"Crazy Thing": OpenAI's Sam Altman Warns Of AI Voice Fraud Crisis In Banking
Japanese Prime Minister Vows to Stay After Coalition Loses Upper House Majority
President Trump Diagnosed with Chronic Venous Insufficiency After Leg Swelling
Man Dies After Being Pulled Into MRI Machine Due to Metal Chain in New York Clinic
FIFA Pressured to Rethink World Cup Calendar Due to Climate Change
Iranian President Reportedly Injured During Israeli Strike on Secret Facility
Kurdistan Workers Party Takes Symbolic Step Towards Peace in Northern Iraq
BRICS Expands Membership with Indonesia and Ten New Partner Countries
Elon Musk Founds a Party Following a Poll on X: "You Wanted It – You Got It!"
AI Raises Alarms Over Long-Term Job Security
Russia Formally Recognizes Taliban Government in Afghanistan
Saudi Arabia Maintains Ties with Iran Despite Israel Conflict
Mediators Edge Closer to Israel-Hamas Ceasefire Agreement
Germany Seeks Taliban Deal to Deport Afghan Migrants
Emirates Airline Expands Market Share with New $20 Million Campaign
Robots Compete in Football Tournament in China Amid Injuries
×