Japan Joins Global Push for State-Backed Bitcoin Mining

Japan has partnered with Canaan, a leading technology company, to initiate a state-backed Bitcoin mining project. This marks the 11th country globally to utilize state resources for crypto mining, joining the likes of Oman and Bhutan in adopting this model. The initiative aims to balance energy demand and supply, potentially impacting Japan’s energy management strategies as it seeks to integrate cryptocurrency into its economy.