Adan publishes an initial educational brief on Bitcoin mining, highlighting its strategic advantages in the face of France’s energy and economic challenges.
This first analysis, to be followed by a more technical note detailing operational and regulatory aspects, repositions mining as a tool for optimizing the power grid and boosting Web3 competitiveness.

In a context of energy transition, public deficit, and sovereignty goals, France’s nuclear fleet—which provides 70% of the country’s electricity with a low carbon footprint (only 12% of electricity-related emissions in 2022)—is under pressure. Reactor modulation, used to balance demand and integrate intermittent renewable energy sources, accelerates equipment wear, increasing maintenance costs (€66 billion for the Grand Carénage program by 2028) and threatening plant longevity. Each year of lost operation for a 1 GW reactor represents €3 to €4 billion in lost revenue. Meanwhile, surplus electricity is often sold at negative prices on the wholesale market, worsening economic waste.

Thanks to its unique flexibility (instant on/off), Bitcoin mining offers an innovative solution. By monetizing nuclear surpluses, it can generate significant revenue—estimated at $100–150 million per GW per year—and help amortize EDF’s investments. Additionally, it can stabilize the grid by absorbing excess power, reduce negative pricing, and support the integration of renewables such as wind and solar. The heat produced by mining can also be repurposed for district heating or industrial use, as seen in Scandinavia. Internationally, countries like Iceland (with its hydro surplus) and Japan (via TEPCO’s “Megawatt to Megahash” program) are leveraging mining to revitalize regions and diversify income streams.

Strategically, a “Made in France” Bitcoin, mined with decarbonized nuclear energy, would strengthen the competitiveness of the French Web3 ecosystem against major hubs like the U.S. and Dubai. By localizing this activity, France could attract investment, limit capital outflows, and reinforce its digital sovereignty within a rapidly growing blockchain landscape.

Adan calls for a pilot project with EDF and the development of a tailored regulatory framework to make Bitcoin mining an asset for energy transition and innovation.
This brief served as the basis for our discussions with public decision-makers.