France Imposes Conditions on Energy Cloud Sale to U.S. Bitcoin Miner

The French government has established stringent conditions for the sale of a majority stake in its state-controlled energy cloud to a U.S. bitcoin mining company. According to NS3.AI, one of the primary stipulations is that NJJ Capital, a French investment firm, must hold a 10% ownership stake. This requirement aims to address concerns related to national interest. These measures highlight France's cautious stance on foreign investment in critical energy infrastructure linked to bitcoin mining.