BITCOIN IS BECOMING INCREASINGLY “GREEN” — MINING IS DRIVING CLEAN ENERGY AND REDUCING EMISSIONS
🔸 According to ESG expert Daniel Batten, more than 56% of Bitcoin mining now uses clean energy, up sharply from around 34% in 2021.
🔸 This shows that Bitcoin is becoming increasingly “green.” Beyond consuming clean electricity, Bitcoin mining is also helping to accelerate the adoption of renewable energy.
🔸 Mining operations can purchase power directly from wind and solar projects before they are fully connected to the grid, allowing investors to recover capital faster and incentivizing the expansion of green energy capacity.
🔸 In addition, waste heat from Bitcoin mining can be reused to heat homes, greenhouses, and residential areas, replacing fossil fuels. Some projects even use Bitcoin mining to capture and utilize flared methane gas, thereby reducing harmful emissions.
PS: Elon Musk previously stated that Tesla would resume accepting Bitcoin payments if more than 50% of Bitcoin mining used clean energy. While in reality very few people use Bitcoin to buy cars—due to tax complications and because many view Bitcoin as a long-term appreciating asset—such a move would carry significant symbolic meaning if it were to happen.
