Trump Eyes Greenland for 10,000 EH/s Bitcoin Mining Hub Using Stranded Energy

The Trump administration is reportedly considering Greenland as a site for a large-scale Bitcoin mining operation using stranded energy from the island’s hydropower and wind resources. The U.S. government has described the idea of purchasing Greenland as an 'active discussion,' according to Reuters. Greenland’s government is set to open a public tender round for two major hydropower sites in the second half of 2026.

The two sites—Tasersiaq and Tarsartuup Tasersua—could generate more than 9,500 gigawatt-hours of electricity annually. If fully utilized, this energy could potentially support a Bitcoin mining hashrate of up to 56.0 EH/s, or roughly 4–6% of the global network hashrate as of early 2026.

Trump-linked mining capital is already active in the sector. Hut 8, for instance, has partnered with Eric Trump to launch American Bitcoin, a mining firm that now operates at 24 EH/s efficiency. If Greenland’s hydropower output is contracted to miners, it could accommodate an American Bitcoin-sized operation more than once over.

Why Is Greenland a Strategic Choice for Mining?

Greenland’s energy infrastructure is currently limited to local hydropower stations with little interconnection. This has pushed early mining efforts to focus on surplus or stranded energy at specific plants. For example, aggregating 5–25 megawatts of behind-the-meter power could generate between 0.21–1.52 EH/s of mining hashrate.

The lack of a national grid complicates large-scale expansion. Power stations in Greenland are typically localized and serve small settlements. Expanding mining operations will require infrastructure development, long-term power purchase agreements, and logistical support to import mining hardware and maintain operations.

How Realistic Is the Trump Greenland Mining Vision?

Greenland’s Buksefjord hydropower plant is expected to expand from 45 to 121 megawatts, with construction starting in 2026 and commissioning expected by 2032. If 50–121 megawatts of output are dedicated to mining, it could support 2.07–7.33 EH/s of hashrate, assuming no competing demand from Nuuk’s growing energy needs.

The full potential of Greenland’s renewable resources—particularly wind—could theoretically outstrip the entire Bitcoin network’s hashrate. A study published in Energy estimates Greenland’s onshore wind potential at 333 gigawatts of nameplate capacity, producing about 1,487 terawatt-hours annually. At 17.5 joules per terahash, this could generate up to 10.4 zetahash per second of hashing power. However, this is a theoretical maximum and would require massive overbuild, storage, and transmission infrastructure to support a 24/7 operation.