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Miami Mayor Francis Suarez, who seeks to position the city as a hub for crypto mining activity, announced this week that he is urging foreign mining companies to establish data centers in the city.
In an interview with CNBC, Suarez said Miami’s nuclear power supply should attract bitcoin miners looking to embrace clean energy sources for their operations, especially now that there is a spotlight on the supposed carbon footprint of crypto mining.
He added that city officials were seeking to reduce the cost of energy in collaboration with power companies. They were also discussing other incentives such as favorable taxes and minimum regulations, Suarez said.
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According to the mayor, who is a crypto supporter and owns both bitcoin and ether, Miami could compete with other emerging mining destinations in Texas and Wyoming. Officials could also expand Miami’s crypto adoption campaign further as the city seeks to become the bitcoin and crypto capital of the world.
Suarez’s invitation to overseas miners comes at a time of growing industry repression, especially in China. The media reported on Friday that crypto miners in Ya’an, a city in Sichuan province, had been ordered to shut down their operations.
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