How cheap power turned Libya into a Bitcoin mining hotspot

"The Bitcoin mining boom in Libya is largely driven by the availability of cheap energy, a phenomenon rare in other countries. However, the rapid increase in mining activities puts pressure on the energy grid, raising concerns about sustainability, especially as government crackdowns intensify. This trend might affect Libya's economic dynamics, potentially leading to new business opportunities or regulatory changes. There is also a risk that this situation could ripple out to other countries, particularly those with abundant energy resources facing similar challenges."