A recent report by MiCA Crypto Alliance reveals a significant shift in Bitcoin mining’s energy profile, with the use of fossil fuels like coal decreasing substantially over the past decade. According to the report, coal’s share of Bitcoin mining has dropped from 63% in 2011 to just 20% in 2024, an average annual decrease of nearly 8%. In contrast, renewable energy sources have been steadily increasing in this sector. The average annual increase in their usage is at a rate of 5.8% per year, signaling a clear trend toward cleaner and more sustainable energy practices in Bitcoin mining. This transition coincides with rising coal consumption globally. The International Energy Agency (IEA) reported that global coal use reached a record high in 2024, exceeding 8.8 billion tonnes. The IEA anticipates this trend to continue through 2027. Bitcoin mining’s changing energy dynamics offer an intriguing perspective on the broader trends within global energy markets.