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Libya's Bitcoin Mining Boom Strains Power Grid

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Libya's Bitcoin mining boom, driven by low-cost electricity, has boosted the country's hashrate to ~0.6% globally. The surge has caused power outages, prompting authorities to target unlicensed operations. Government raids aim to cut illegal connections and secure national energy stability. Amid these efforts, officials also emphasize Countering the Financing of Terrorism. The crackdown comes as global markets await bitcoin ETF approval, which could reshape mining economics. Energy-intensive farms remain a key focus for regulators.
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