The electricity consumption of bitcoin mining calls for new approaches regarding the use of energy resources. Based on the hypothesis that Bitcoin is here to stay, we think it is worth discussing how bitcoin mining can support the transition to a more sustainable economic model and future and how an ESG strategy of building renewable energy power plants with the purpose of mining Bitcoins could deliver positive environmental results.

Startup miner Aspen Creek Digital has 30MW worth of capacity at its Texas facility, making Compass one of its largest customers.

Bitcoin and the Lightning Network are set to revolutionize energy production through their flexibility.

According to the crypto mining operation Pow.re Holdings Limited, the firm announced that it has begun construction of two new mining facilities in Asunción, Paraguay. The new data centers will manage 12 megawatts (MW) of hydroelectric power, and the firm has also acquired 3,600 Microbt Whatsminer mining rigs that produce roughly 396 petahash per second (PH/s) of hashrate.

Enhanced geothermal systems are well suited to store excess renewable power as heat

A renewable energy mix of solar, wind, and hydropower will improve bitcoin mining profitability while helping efforts to combat climate change.

YPF is currently supplying power for a 1 megawatt operation and plans to launch a second project eight times larger before the end of the year.

Bitcoin converts wasted energy into a different kind of battery for a more sustainable future. The battery of human time, effort and ingenuity: money.

Russia is preparing to provide Kazakhstan with additional energy needed to operate crypto mining farms in the Central Asian nation. New arrangements will allow Kazakhstan’s miners to buy electricity directly from the Russian power generation and distribution giant Inter RAO.

According to a recent report published by the Cambridge Centre for Alternative Finance (CCAF), bitcoin mining worldwide accounts for around 0.10% of global greenhouse gas (GHG) emissions or 48.35 million tons of carbon dioxide per annum. Moreover, CCAF’s report details that “Bitcoin’s environmental footprint is more nuanced and complex” and because of complexity issues it “underscores the need for independent data.”

Inspired by El Salvador’s Bitcoin Beach, a town in Guatemala is focused on cleaning its lake by diverting used cooking oil to bitcoin miners.

According to a report from Canada’s Local Journalism Initiative, members of the Mohawk Nation from Kahnawake are looking into using electricity from Hydro Quebec in order to power cryptocurrency mining operations. The Mohawk Council of Kahnawake (MCK) created a new organization to research crypto-mining opportunities that could be added to the council’s economic development portfolio.

The steel city of Whyalla has flipped the switch on South Australia's first solar-powered Bitcoin mining center. Operated by Lumos Digital Mining, the 5-megawatt data center will be used to mine bitcoins.

In 2018, the local Ministry of Finance launched a working group called JAF Crypto Market Intelligence Unit (JAF CMIU), whose task was to study possible regulatory scenarios. That same year, a special Free Economic Zone (ECOS) was established by the government decree to help attract and develop blockchain and crypto startups.

Armenia, alongside many other countries, has its very own “Blockchain Association” which has some huge ambitions, and some of those ambitions have become reality.

While innovations in chipset manufacturing have helped reduce operational costs related to Bitcoin mining, a report from Arcane reveals the market’s potential to transform the energy industry.

Bitcoin miners now have a lucrative opportunity as the trend in pairing batteries with solar energy plants accelerates.

Bitcoin could enable humanity to take the next step in energy production and usage through the capabilities it unlocks.

The main aim of FEZ was to help attract and develop high technologies in the country, help blockchain and crypto startups, so specific beneficial conditions are applied to them.

Starlink may be the missing piece for mining decentralization to reach the far ends of the Earth where energy is cheap but internet access is lacking.

Bitcoin mining can help address one of the most important environmental problems facing us today, landfill methane emissions, by converting them into energy and then into Bitcoin.

By capturing excess gas that’s otherwise burned off at oil well sites, crypto miners are taking advantage of a cheap power source.

One of the world's largest producers of carbon emissions, the Russian gas giant Gazprom aims to reduce its carbon footprint by providing its flare gas for Bitcoin mining.

Electric power generating company KenGen intends to give bitcoin mining companies surplus electricity

Oman’s sovereign wealth fund took an equity stake in a U.S. firm Crusoe Energy that says it helps fossil-fuel producers cut flaring by using stranded natural gas to power cryptocurrency mining instead.

Bitcoin can breathe new life into Ocean Thermal Energy Conversion (OTEC), a 150-year old renewable technology stymied by economies of scale.

Bitcoin strengthens the grid due to the incentivization of energy production. It supports the people who need electricity and miners as buyers of last resort.

Implications of the crypto economy for the electric system: The rapid growth of the crypto economy is placing fresh demands on electricity grids. But crypto mining also offers energy companies intriguing opportunities to create new revenue streams, improve demand response and even accelerate the expansion of the long-term renewable resource base.

In the pursuit of economic sustainability, northern Italian hydropower producers are turning to bitcoin mining.

The oil and gas giant is piloting an effort to use methane gas to mine crypto, and expansion could be around the corner.

A California-based company, Renewabit, has joined with CeraPhi Energy and is retrofitting oil and gas wells to produce geothermal energy to mine Bitcoin.

A California developer of concentrated solar power (CSP) systems has announced an innovation that it says combines the company’s technologies to turn existing oil wells into energy storage sites that can provide clean energy.

Giga places a shipping container full of thousands of bitcoin miners on an oil well, diverts the natural gas into generators, which convert the gas into electricity that is then used to power the miners.

The plant was forced to reinvent itself after 30 years because the government stopped buying electricity during the pandemic due to surplus power supply in the Central American country, where the state has a monopoly on energy distribution.

Cryptocurrency mining is hugely energy intensive, and with the United States now the leading source of Bitcoin production, companies are looking to nuclear plants to power their operations

Some cryptocurrency miners are striking deals with operators of struggling nuclear plants, which are carbon-free and have excess power capacity to spare.

Oil and natural gas come from the same wells, but drillers have no pipelines to get the gas to market. That typically forces them to burn it off in a process called flaring. Oil and gas companies don't like to flare their gas - that's money that's burning away. Now Bitcoin miners offer to buy them.

Much ink has been spilled on the question of Bitcoin’s energy footprint. But amid the clarifying details and the energy mix calculations, we have lost sight of the most important questions. Anyone who wades into this muddy debate must consider the fundamentals before making a final assessment.