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 <p class="is-style-lead">Montenegro’s Prime Minister Milojko Spajić begins consultations for a Bitcoin (BTC) hydro bond utilizing the country’s abundant river resources.</p>
 <p>In a meeting on Dec. 14, officials in Montenegro discussed the possibilities of utilizing the nation’s abundant hydro resources for mining Bitcoin. The meeting was attended by the country’s Prime Minister, Milojko Spajić, Samson Mow of Bitcoin technology firm JAN3, Serbia’s Prince Filip Karađorđević and Ben Van Hool.</p>
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    <p lang="en" dir="ltr">Prime Minister @MickeySpajic's finance background makes him perfect to unlock the country's hydropower <a rel="noopener noreferrer nofollow" title="potential" href="https://thebittimes.com/tag/potential.html">potential</a>. During their talks, @Excellion and @PrincFilip1 also discussed why Montenegro can become a new Bitcoin community hub.<br><br>Read more here: https://t.co/5cvxpMs0a0</p>— JAN3 (@JAN3com) December 14, 2023
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 <p>JAN3 is known for efforts to expand Bitcoin access. Among other tools, the company proposes to use Bitcoin hydro bonds as a way to enhance the country’s coffers. These bonds, fueled by Montenegro’s hydroelectric power, are aimed at funding Bitcoin mining operations.</p>
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   Montenegro hosts key BTC strategy meeting
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 <p>The country boasts a significant hydroelectric capacity that is estimated between 5.6 to 6.1 TWh annually, yet currently taps less than 20% of this resource, with Prime Minister Spajić seen as a key ally in unlocking the country’s natural resources to mine Bitcoin.</p>
 <p>The concept of Bitcoin hydro <a rel="noopener noreferrer nofollow" title="bonds" href="https://thebittimes.com/tag/bonds.html">bonds</a> mirrors El Salvador’s initiative with volcano <a rel="noopener noreferrer nofollow" title="bonds" href="https://thebittimes.com/tag/bonds.html">bonds</a>. El Salvador’s venture, which Samson Mow also played a role in establishing, is expected to launch its Bitcoin volcano <a rel="noopener noreferrer nofollow" title="bonds" href="https://thebittimes.com/tag/bonds.html">bonds</a> in early 2024 following recent regulatory approvals.</p>
 <div class="cn-block-related-link">
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  </svg> <span class="cn-block-related-link__prefix"> You might also like: </span> El Salvador’s president affirms long-term Bitcoin strategy is successful
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 <p>In addition to Bitcoin <a rel="noopener noreferrer nofollow" title="mining" href="https://thebittimes.com/tag/mining.html">mining</a>, the meeting also covered topics such as crypto regulation frameworks and the <a rel="noopener noreferrer nofollow" title="potential" href="https://thebittimes.com/tag/potential.html">potential</a> for the central bank to hold Bitcoin.</p>
 <p>JAN3 emphasized Montenegro’s position as a forward-thinking nation, pointing out its young leadership and openness to new economic avenues:</p>
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  <p>“The nation sends a clear message – it is open for business, and it is open to embracing the transformative possibilities that Bitcoin presents.”</p>
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 <p>The meeting comes at a pivotal time for Bitcoin investments, as renewable energy-based Bitcoin bonds are gaining traction as sustainable investment options.</p>
 <p>Montenegro’s exploration of this avenue could place it at the forefront of sustainable Bitcoin <a rel="noopener noreferrer nofollow" title="mining" href="https://thebittimes.com/tag/mining.html">mining</a>, <a rel="noopener noreferrer nofollow" title="potential" href="https://thebittimes.com/tag/potential.html">potential</a>ly making it a key player in the industry.</p>
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  <svg class="cn-block-related-link__icon icon" aria-hidden="true"><use xlink:href="#"></use>
  </svg> <span class="cn-block-related-link__prefix"> Read more: </span> Exploring Bitcoin’s path to a renewable mining future
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/montenegro-explores-bitcoin-mining-potential-with-renewable-energy-bonds-tbt73777.html">https://thebittimes.com/montenegro-explores-bitcoin-mining-potential-with-renewable-energy-bonds-tbt73777.html</a></p>

Montenegro explores Bitcoin mining potential with renewable energy bonds

TheBitTimes

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