Cambridge University study: Bitcoin mining is moving towards sustainable energy
2025-04-29 10:59:09
The latest research report from the Cambridge University Financial Centre (CCAF) shows that sustainable energy usage in the bitcoin mining industry has risen to 52.4%, a significant increase from 37.6% in 2022. The report states that natural gas (38.2%) has replaced coal (8.9%) as the largest single energy source, with coal usage falling sharply from 36.6% in 2022. The data also shows that North America dominates global mining activity, with the United States accounting for 75.4% and Canada accounting for 7.1%. The study is based on a survey of 49 mining companies in 23 countries, covering 48% of global mining activity. It is estimated that Bitcoin's annual electricity consumption is 138 TWh, accounting for about 0.5% of global electricity consumption.
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