Italy's EU energy deal may not be enough to revive Bitcoin mining
- —The October 16 Italy-EU deal sets no tariff levels or miner-specific relief
- —Italian wholesale power costs €232.41/MWh versus €139.30/MWh in France
- —Mining break-even is $99–137/MWh, while industrial miners average about $48/MWh
- —ALPS runs micro-hydro mining sites in northern Italy and added AI/HPC capacity on October 15
Why it matters: Italy's power prices make local mining unprofitable, pushing operators toward own generation and AI computing instead of waiting for state relief.
Source: Cryptopolitan