Crypto Mining Surge and Erratic Weather Strain Laos' Power Grid. A report released on May 16 highlights how increased electricity consumption due to crypto mining and inconsistent rainfall have led to power shortages in Laos, challenging its goals as a hydropower exporter in Southeast Asia. https://static.news.bitcoin.com/wp-content/uploads/2024/05/rainnnnns.jpg
The surge in cryptocurrency mining in Laos is attributed to a policy push to establish data centers in 2021 . However, the increased electricity demand from mining operations, combined with lower rainfall affecting hydropower generation, has put a strain on the power grid.