Bitcoin Mining Hits Eco-Milestone: 52% Powered by Renewable Energy
A new report from the Cambridge Centre for Alternative Finance reveals that the U.S. and Canada control over 80% of global bitcoin mining, with the U.S. alone holding 75.4%.
Bitcoin mining has shifted towards more sustainable energy, now relying on 52.4% renewable sources, with hydropower (23.4%) and wind (15.4%) being the leading contributors. Despite this, bitcoin’s annual power consumption rose 17%, reaching 138 terawatt-hours, or 0.54% of global electricity use.
Miners face rising energy costs and are looking to diversify, with strategies like using flared gas and recovering waste heat to stay viable.
Clever Robot News Desk 4th May 2025
