According to recent reports by Reuters, during a business conference in Russia, relevant parties revealed a cooperation proposal involving energy and cryptocurrency—specifically, the U.S. expressed interest in developing crypto mining operations around the Zaporizhzhia nuclear power plant. Meanwhile, Russia and the U.S. are also discussing how to jointly manage the plant and transmit some of its electricity to Ukraine.

What does this signal imply? On the surface, it appears to be energy cooperation, but in essence, it points to the new role of cryptocurrencies in great power strategies. The combination of low-cost, clean electricity provided by nuclear power and crypto mining opens a new economic channel for Russia amid international sanctions. Through mining activities, funds can bypass traditional financial systems, making it an attractive option for any country seeking economic diversification.

From a geopolitical perspective, the attention of major powers to crypto mining has never been isolated. When a country begins to seriously develop its mining industry, it often signifies a rethinking of energy exports, computing power allocation, and even international competitiveness. In the future, we may see a closer integration between energy-intensive industries and crypto mining—whether nuclear, hydroelectric, or other energy sources—becoming targets of mining competition.

The reorganization of the global computing power landscape is already underway. When major powers get involved, the competitive dimension of the industry shifts from a technological level to a strategic one. This intersection warrants ongoing attention.