Gustavo Petro has warned that fossil fuel-powered crypto-mining will cause ‘climate collapse’.
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Colombia's Gustavo Petro has warned that fossil-based bitcoin mining risks global climate collapse.While Paraguay holds the 4th international hashrate, Venezuela's 9-year energy crisis halts mining.Although the 2026 Hashret Index report leaves out Colombia, Petro wants 3 Caribbean cities to issue Bitcoin.
President Petro highlights energy and mineral potential of Venezuela and Paraguay
Crypto currency Mining as a global movement has attracted the attention of world leaders, who are presenting their views on what the future of these operations will look like.
Colombia's controversial leader Gustavo Petro took to social media to reiterate the importance of green sources to power these energy-intensive activities.
“If virtual currencies depend on fossil fuels, global warming and climate collapse could explode,” Petro warned.
He also emphasized that countries with untapped clean energy, including Venezuela and Paraguay, are gaining traction. Bitcoin mining Investments. Paraguay holds the fourth largest Hashrate Venezuela is not even in the top 10 behind world powerhouses like the US, Russia and China.
Paraguay uses its abundant hydroelectric resources in the Iguazu Dam, the world's largest, to generate very competitive power rates ranging from 0.037 to 0.050 kWh.
Venezuela has recently been banned Bitcoin miningwhen her government faced an energy crisis, demand rose to 9 years. However, reports indicate that there is potential for mining operations near power sources Use Power that cannot be transported due to lack of infrastructure.
” Bitcoin mining It is a method that can be stored by an individual using powerful computers Bitcoin Virtual transactions. This may be the case for Santa Marta, Riohacha and Barranquilla.
Hashrate Index's The State of Bitcoin Mining in Latin America (2026) report shows mining growth in Paraguay, Brazil, Bolivia, Argentina, Venezuela and El Salvador, but does not mention Colombia. This means that the country is a virgin territory for bitcoin mining, and the country still does not find favorable conditions for the development of the industry.
