[foo-bar-bat]

Yeah this a corner case not a proof. Putting a hydro plant of any size in a location that is, apparently (from what I understand based on comments here only) not connected to a regional grid or even local demand for baseload doesn't make sense. In a country that has unmet demand for water, electricity, and government services the last thing they ought to be doing is converting precious finite resources (to include construction labor opportunity cost) into speculative Bitcoin.

Electricity acts like a medicine. What they ought to be doing is wiring transmission lines to the hydro plant to organic demand for power.

Now if the real purpose of the dam was flood control and water buffering, and the notional hydro gen facility is tertiary and irrelevant, OK fine. Mine your Bitcoin if they have all the electricity they need regionally already. But this is no proof of nothing for the crypto bros.