The French government has imposed stringent conditions on the sale of a majority stake in its state-owned energy cloud company to a US Bitcoin mining firm. Among these conditions is the requirement that NJJ Capital hold at least a 10 percent stake to ensure the protection of national interests. The state-owned energy cloud company plays a significant role in the energy sector, particularly in digital infrastructure and cloud services. The US Bitcoin mining company’s investment reflects a growing global trend toward energy use and sustainability within the cryptocurrency market. Given that Bitcoin mining consumes substantial energy, investments and regulations in the energy sector are particularly sensitive. This move by France aims to safeguard national security, energy sovereignty, and economic interests by preventing full control of the sensitive energy sector by foreign investors. NJJ Capital’s participation adds a layer of national control to mitigate potential political and economic risks. The decision comes amid increasing regulatory scrutiny of the cryptocurrency sector worldwide, especially in Europe, where energy consumption and digital asset oversight are prioritized. While such investments may drive technological advancement and improve energy efficiency and transparency, national security considerations remain paramount. Further negotiations between the French government and US investors are expected to finalize terms that protect the interests of both parties and uphold French national priorities.
Source: coindesk
