Miami’s mayor looks to woo Chinese bitcoin miners with low energy prices and clean nuclear power

Published

4 years ago

June 19, 2021

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MIAMI – Mayor Francis Suarez says Miami’s doors are open to bitcoin miners in China who are currently scrambling to find a new home after Beijing made it clear that their days are numbered.

Mining is the energy-intensive process which both creates new coins and updates the digital ledger of all transactions of existing tokens. More than half of all miners are currently based in China, but a mass exodus is already underway. Where they’re going, however, isn’t yet clear.

While Suarez told CNBC he hasn’t personally received any calls from Chinese miners, the mayor is looking to patriate this mining diaspora by promoting the city’s essentially unlimited supply of cheap nuclear energy.

“We want to make sure that our city has an opportunity to compete,” he said. “We’re talking to a lot of companies and just telling them, ‘Hey, we want you to be here,’” he said.

Rolling out the red carpet

Bitcoin miners are location agnostic; all they need is a rig and a good internet connection. What varies place to place, however, is the cost of energy. And ultimately, what miners care about most is finding the cheapest source of power out there to drive up their profit margins.

That’s why Mayor Suarez, one of the most crypto-friendly politicians in the United States, is making big promises on the cost of doing business in Miami. Suarez has been a crypto believer for years, but he took the plunge into investing in bitcoin and ethereum once he saw the federal government pass a $1.9 trillion American rescue plan, because he “realized that what was inevitable – and already happening – is inflation.”

He emphasized the city’s reliance on nuclear power as a source of clean, inexpensive energy.

“The fact that we have nuclear power means that it’s very inexpensive power,” Suarez told CNBC in an interview from a second-floor conference room in the Miami City Hall building.

Less than an hour from City Hall is the Turkey Point Nuclear Plant, which helps to power Miami, according to data from the Energy Information Administration. The Bureau of Labor Statistics reported an average electricity per kilowatt hour cost of 10.7 cents in Miami, versus the national average of 13.3 cents.

Florida Power and Light workers Juan Madruga (R) and Pehter Rodriguez (L) confer at the Turkey Point Nuclear Reactor Building in Homestead, Florida May 18, 2017.

Rhona Wise | AFP | Getty Images

Across the state of Florida, nuclear energy is the second-biggest power generator, after natural gas. Suarez is already in talks with Florida Power & Light Company to figure out how to further drive down the price of energy.

“We understand how important this is…miners want to get to a certain kilowatt price per hour. And so we’re working with them on that,” Suarez told CNBC.

The mayor is also considering a mix of other incentives, like enterprise zones specifically for crypto mining. Enterprise zones are areas in which tax concessions, infrastructure incentives, and scaled-back regulations are offered to companies, with the hope that these breaks will encourage investment and create jobs.

Miami is not alone in its ambitions to capture the attention of bitcoin miners.

“There is demand in North America…so the question will be one of capacity,” said Alyse Killeen, founder and managing partner of bitcoin-focused venture firm Stillmark.

Where physical infrastructure and capacity is concerned, the mayor is optimistic the city can meet the needs of miners.

“We were one of the first cities in the world to have a data center, and a mining hub is very similar to a data center,” he said.

But even Suarez admits that a lot needs to happen first.

“Building a mining facility is similar to building a data center. It’s not something that happens overnight,” Suarez told CNBC.

Miami is also not competing in a vacuum here in the U.S. States like Texas and Wyoming are also fast becoming hot mining destinations, thanks to their cheap energy mix and crypto-friendly policies.

The pollution debate

Mayor Suarez isn’t alone in championing the benefits of using nuclear power.

The federal government calls nuclear energy “a zero-emission clean energy source,” and tech billionaire and climate change evangelist Bill Gates previously told CNBC that nuclear power will “absolutely” become politically acceptable again. Gates said that new innovations are making it safer and more affordable.

“Nuclear has actually been safer than any other source of [power] generation,” Bill Gates told Andrew Ross Sorkin on CNBC’s “Squawk Box.” “You know, coal plants, coal particulate, natural gas pipelines blowing up. The deaths per unit of power on these other approaches are far higher,” Gates said.

But there are a few drawbacks to harnessing nuclear energy. While nuclear power reactors do not produce air pollution or carbon dioxide while operating, emissions are generated when constructing nuclear power plants and in the decommissioning of reactors.

And more often than not, the world’s cheapest energy sources are renewable. All factors considered, solar and wind energy sources are the lowest cost and most scalable, making them a natural fit for mining, according to Killeen.

“Miners’ capitalist motivations push them toward green energy,” she said.

Whether Chinese miners actually make the move to Florida remains to be seen, but there are signs of progress in Miami’s aspirations to become a mining hotspot. Mayor Suarez says he is currently fielding calls from different mining companies outside China that are considering a move to the sunshine state.

The establishment vs. bitcoin

Miami isn’t just after bitcoin miners. The city wants to become a crypto destination for all sorts of professionals interested in the space.

To draw them, the mayor has been trying to make bitcoin mainstream by advocating for policies that would enable city employees to be paid and residents to pay their taxes in the cryptocurrency. The city itself is considering holding it as an asset on their balance sheet. Suarez says they now have legal clearance to proceed, and his office is currently going through the ‘Request for Proposal’ stage, which is the next leg of the approval process.

Though the crypto world is often seen as anti-establishment and opposed to government, Suarez doesn’t think the movement is at cross purposes with his administration.

“That’s why I jumped in on crypto, and that’s why there was such a crazy response, because [people] saw that government was not antithetical; government was not trying to kill it,” he said. “On the contrary…the city of Miami understands how fundamentally important it is to our future and how it could change the paradigm in the way people live their lives.”

He also talked a little bit about climate change and the prospect of rising sea levels challenging the city’s existence in coming years. Miami is a low-elevation city, and “dry day flooding” has become common in recent years.

“100% Miami still exists in 20 years,” he said, emphasizing the money and effort Miami is putting into resilience.

“I do recognize it as a threat. You know, you can’t just put your head in the sand and pretend like it’s not happening, it doesn’t exist. We’re one of the few cities in the world that is actually putting up significant amount of resources, $200 million from our Miami Forever Fund.” He added, “And now our challenge is to be the most water resistant city on the planet.”

Environment

Stellantis reveals stylish, affordable, capable EV – why can’t the US have it?

Published

2 hours ago

August 28, 2025

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Stellantis reveals stylish, affordable, capable EV – why can't the US have it?

Chic and all-electric DS Automobiles No4 to cost from £36,995

Chrysler parent company Stellantis is sinking billions on electric Jeeps and Chargers that no one wants, but the they’ve developed market-leading EVs in Europe, and this latest, £36,995 DS Automobiles No4 is exactly the sort of electric crossover that could rejuvenate the brand’s American prospects. The only question now is: why won’t they bring it here?

Both the Dodge and Jeep-branded Stellantis EVs are being offered with huge discounts in a bid to generate some kind of market interest, but the company’s American product and marketing teams seem to be deeply confused about what the market actually wants. Over in Europe, though, Stellantis’ EVs are hot sellers – and this latest five-passenger crossover from the company is expected to steal even more sales from the Model Y.

The new all-electric No4 E-Tense model from Stellantis’ French brand DS Automobiles will be offered at three trim levels starting with the Pallas at £36,995 (approx. $48K US), rising to £39,160 for the Pallas+ and topping out at £41,860 (approx. $56K US, before incentives get applied) for the range-topping Etoile.

All three trims use a front-mounted electric motor rated at 213 hp, drawing from a 58.3‑kWh battery pack. That setup delivers up to 280 miles on the WLTP cycle (about 240 miles by EPA estimates). That feels like a lot of miles from a relatively small battery, aided no doubt by the DS No4’s aerodynamic. Inside the No4’s sculpted flanks is enough room for five adults and a bunch of their stuff, as well as an incredibly sexy dash and infotainment layout that (in the official press photos, at least) seems positively slathered in Alcantara (think “vegan suede”).

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With 120 kW fast charging capabilities, the No4’s battery pack can replenish from 20 to 80 percent in under 30 minutes. Thanks to built‑in V2L/V2X tech, the No4 can also supply power back to external devices.

Electrek’s Take

I think it would be a hit. As for why the marketing gurus at whatever’s left of the old Chrysler corporation seem to think an electric muscle car that no one asked for or a Dodge-branded Alfa Romeo that no one will ever ask for is a better use of their marketing dollars – that’s simply beyond me.

Maybe you guys know? Check out these photos of the new DS No4, then scroll on down to the comments and let us know what you think of Stellantis’ US product plans, and whether or not they messed up canceling the Airflow after all.

SOURCE | IMAGES: DS Automobiles.

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Environment

These 3 August EV price drops are up to $150/month, but hurry!

Published

2 hours ago

August 28, 2025

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These 3 August EV price drops are up to 0/month, but hurry!

Hyundai-EV-N — 2025 Hyundai IONIQ 5 N (Source: Hyundai)

The clock is running out on some of the best EV lease deals of the year. With the 25% tariff on imported EVs already hitting and the federal tax credit set to vanish after September 30, automakers are dangling some serious end-of-the-month offers. If you’ve been waiting to go electric, now’s the time. CarsDirect spotted three August EV price drops worth a look, but you’ll need to move fast, because these deals won’t last past the holiday weekend.

2025 Mercedes EQE SUV: $62 per month price drop

Mercedes is sweetening the pot on its EQE SUV as it works to move inventory. The 2025 Mercedes-Benz EQE 350+ SUV can now be leased for $629 a month for 36 months with $7,923 due at signing. That works out to an effective $849 a month – a $62 drop from previous deals. For a nearly $80,000 luxury EV, that’s not a bad offer.

But timing is key. The federal EV tax credit disappears next month, and Mercedes is set to pause US EV orders on September 1, which could make finding the right model tougher. Current incentives run through September 2, so if you’ve been eyeing an EQE, lock one in now before the market shifts.

Click here for a local dealer with the Mercedes-Benz EQE 350+ SUV in stock.–trusted affiliate link

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Click here to find a local dealer with the Mercedes EQE SUV in stock.–trusted affiliate link

2025 Volkswagen ID. Buzz: $90 per month price drop

As of August 22, the 2025 Volkswagen ID. Buzz picked up a hidden $3,000 Dealer Lease Bonus – that is, dealer cash that only shows up if you lease.

That incentive knocks the Pro S trim down to $589 a month for 36 months with $5,999 due at signing. Do the math, and that’s $756 a month effective cost – a $90 drop from the earlier $846 offer. With $10,500 in total savings, this is the best deal yet on the ID. Buzz and one of the standout Labor Day EV lease offers.

Click here for a local dealer with the Volkswagen ID. Buzz in stock.–trusted affiliate link

2025 Hyundai IONIQ 5 N: $150 per month price drop

Hyundai just slashed the price on its most powerful EV yet. The 2025 IONIQ 5 N can now be leased for $549 a month for 36 months with $3,999 due at signing (10,000 miles a year). That works out to an effective $660 a month – a huge $150 drop from July.

For a track-ready performance car, that’s a steal. And unlike most performance machines, the IONIQ 5 N doesn’t guzzle gas – you can just plug it in overnight at home. Current offers run through September 2.

Click here for a local dealer with the IONIQ 5 N in stock.–trusted affiliate link

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Your personalized solar quotes are easy to compare online and you’ll get access to unbiased Energy Advisors to help you every step of the way. Get started here.

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Environment

Terberg heavy duty electric yard truck gets to work in the UK

Published

3 hours ago

August 28, 2025

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Terberg heavy duty electric yard truck gets to work in the UK

DPD tests electric Terberg tug at UK delivery hub

UK delivery firm DPD is putting one of Terberg’s heavy-duty electric yard tractors to the test at its giant, Oldbury, UK logistics hub – and its findings will help DPD shape a cleaner, more sustainable fleet strategy for the future.

DPD operates a fleet of over 50 yard hostlers (or “tugs” in the UK) to perform all trailer movements across its five sorting hubs in Oldbury, Smethwick, and Hinckley. Currently, those yards are serviced by a fleet of diesel tractors – but the company is interested in decarbonizing and “keen” to understand how EVs could be deployed across the fleet in the longer term.

“Tugs are the lifeblood of our hub operation, performing all trailer movements efficiently and safely across the five sites,” says Tim Jones, Director of Marketing, Communications, and Sustainability at DPD UK.

To that end, the company has deployed a Royal Terberg YT203-EV fitted with a pair of 78 kWh batteries, but it can be spec’ed up to 236 kWh and an almost unbelievable 105 tonne GCVWR. Even with “just” 156 kWh, the Terberg is able to work nearly a full 24 hours between charging – capability that is on par with diesel. At least.

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“Terberg DTS are proud to be able to assist DPD on the way to Net Zero (emissions) and it was great to be able to work with DPD’s drivers and demonstrate what the YT203-EV can do in their own yard,” explains Peter Giles, Head of UK Logistics Sales at Terberg DTS. “Their aim is to be one of the leaders in the march to a more sustainable fleet future and they have already amassed a lot of knowledge and experience working with EVs. We know just how versatile and effective the vehicle is, but every operation is slightly different and working on-site with their own drivers means DPD can get really meaningful feedback from those who know the job better than anyone.”

Several operators will be trying out the YT203-EV across different shifts and operations to get feedback. So far, however, they seem hyped. “The electric tug (performs) incredibly well,” adds Jones. “Our drivers were really impressed, especially with the ease of use and driver comfort.”

Electrek’s Take

Whether it’s Terberg, Tico, or Orange EV, terminal tractors are an ideal application for electrification, and companies like DHL have spent more than a decade proving that out. And now that DPD is giving these HDEVs a chance, expect to see a whole lot more of them getting deployed soon.

SOURCE | IMAGES: DPD UK.

Your personalized solar quotes are easy to compare online and you’ll get access to unbiased Energy Advisors to help you every step of the way. Get started here.

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