Bitcoin Mining Embraces Renewables: A Study Reveals Industry Shift

A new study by the Cambridge Judge Business School’s Alternative Finance Centre (CCAF) reveals a significant shift in Bitcoin mining’s energy sources, highlighting its adaptation to market trends. The research shows that sustainable energy shares rose from 37.6% in 2022 to 52.4% in just a short period, indicating a major change in the industry. The data collected from 49 companies operating across 23 countries reveals cost efficiency and environmental considerations as key drivers of this transformation.