According to Odaily, the Bitcoin mining ecosystem is rapidly evolving, with significant progress in the use of clean energy. Data from Woocharts indicates that 56.76% of the energy used in mining is now derived from clean or sustainable sources. Since April 2021, the use of clean energy in Bitcoin mining has been steadily increasing. The platform measures clean energy usage based on the Cambridge Centre for Alternative Finance's definition of sustainability, which considers the proportion of mining operations powered by wind, solar, hydro, and even nuclear energy.
In recent years, Bitcoin mining companies such as Riot Platforms and MARA Holdings have increased their investments in clean energy. However, amid the current global energy crisis, mining costs continue to rise. To address this challenge, most mining companies are using their remaining capital to purchase Bitcoin.
