Deep Tide TechFlow News, on November 29, according to Matthew Sigel, Head of Digital Asset Research at VanEck, Australian financial giant Macquarie, with assets under management of $870 billion, stated that Bitcoin mining helps support the stability of the local power grid. Macquarie pointed out that by flexibly adjusting electricity demand, Bitcoin mining can absorb excess electricity when grid pressure is low and reduce electricity consumption during peak periods, thereby optimizing energy use and supporting the integration of renewable energy.