Luxor does a great job detailing bitcoin mining across the globe!

As the dust settles in Caracas, a new industrial logic is emerging for Venezuela’s energy sector. The U.S. Department of Energy (DOE) made claims recently that the United States will work to improve the electrical grid, which is essential for increasing oil production, economic opportunities, and the daily quality of life for the Venezuelan people.
This infrastructure gap could represent one of the largest arbitrage opportunities in the history of Bitcoin mining. Some U.S.-based mining fleets are being squeezed by decreasing Hashprice, forcing them to look south for cheaper energy, or unplug a part of their Bitcoin mining fleet, and have the miners sit in warehouses. But U.S. miners could bring what Venezuela desperately needs: cash and immediate infrastructure investment.In return, Venezuela could offer attractive energy costs, below $0.02 per kWh in some cases, which few other jurisdictions can.

As of February 2026, we estimate approximately 5 EH/s of legitimate or semi-legitimate mining capacity operating in Venezuela.

High risk high reward for Bitcoin miners who take the leap.