With the increasing concentration of Bitcoin (BTC) mining in North America, Miami Mayor Francis Suarez wants to position his city as a hub for crypto mining activities.
Speaking to CNBC on Thursday, Mayor Suarez said he was inviting foreign mining companies to consider setting up data centers in the city.
Suarez said Miami’s abundant nuclear power supply should attract bitcoin miners who want to use clean sources of energy to run their operations, especially given the current spotlight on the alleged carbon footprint of crypto mining.
Mayor Suarez spoke out on the issue back in March, claiming that 90% of Bitcoin mining came from “dirty energy”.
At the time, the Mayor of Miami argued that shifting the mining concentration to the United States could help alleviate environmental concerns.
As part of efforts to attract bitcoin miners from overseas, Mayor Suarez stated that city officials were trying to cut energy bills in collaboration with the electricity companies. Other incentives such as cheap taxes and minimal regulations are also on the table, said the mayor of Miami.
By using cheap, clean energy and crypto-friendly regulations, Miami can compete with other emerging mining destinations in Texas and Wyoming.
The plan could also expand Miami’s efforts to introduce cryptocurrencies, with the city aiming to become the bitcoin and crypto capital of the world.
Mayor Suarez is a crypto advocate himself and has previously said that he owns both Bitcoin and Ether (ETH). As Cointelegraph previously reported, the Mayor of Miami bought BTC after Congress passed the $ 1.9 trillion stimulus bill in March.
Connected: The Sichuan city reportedly orders crypto miners to be shut down for investigation
Suarez’s open invitation to foreign miners also comes at a time when Chinese authorities are increasingly cracking down on crypto mining. It was reported on Friday that crypto miners in Ya’an, a city in Sichuan province, were ordered to cease operations.
With anti-crypto mining sentiments seeming to prevail among Beijing authorities, friendlier climates like Miami may prove attractive to miners leaving China. In fact, some miners are already considering plans to leave the country, with a spokesman for BTC.top telling Cointelegraph, “Yes, we want to go overseas.”