Iceland, known for its icy landscapes and geothermal energy, unexpectedly became a hotbed for cryptocurrency mining.
Thanks to its cool climate (which reduces the need for additional cooling) and abundant cheap geothermal energy, the country provides an ideal environment for power-intensive crypto mining.
There was a point where the electricity used for mining in Iceland was projected to surpass the electricity used by all its homes!
This fun fact sheds light on the surprising and innovative ways in which geography and technology can intersect, leading to unexpected global hubs for digital innovation.
