Switzerland’s Canton of Bern parliament has approved a motion to explore Bitcoin mining as a way to utilize surplus energy and stabilize its electricity grid. 

The initiative, introduced by the cross-party Parliamentary Group Bitcoin on March 14, 2024, passed with a decisive 85 to 46 vote in the Grand Council despite government opposition.

The initiative directs the government council to assess how Bitcoin mining can repurpose unused energy and create economic opportunities.

Introduced by the bipartisan Parliamentary Group Bitcoin, the “Cantonal Bitcoin Strategy III” proposal seeks to make Canton of Bern “an attractive location” for firms with an innovative Bitcoin strategy.”

The motion tasks the government with preparing a report addressing three key points: identifying areas with unused energy in Bern, evaluating how Bitcoin mining could utilize this surplus in collaboration with Swiss mining companies, and assessing its potential to stabilize electricity grids during periods of supply fluctuation.

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Author: Vismaya V