Greenland plans to launch a hydropower bidding project in the second half of 2026, with an expected annual capacity of over 9,500 GWh, theoretically enough to support approximately 56 EH/s of Bitcoin mining hash rate — equivalent to 4 to 6% of the global network hash rate. This has attracted renewed attention from U.S. policymakers, but significant political and infrastructure obstacles remain to be addressed from conception to actual deployment. Although the potential is enormous, the path to realization involves many uncertainties, and investors should remain cautious and observant.