Hydropower Becomes Leading Energy Source for Bitcoin Mining

Hydropower has officially overtaken natural gas as the primary electricity source for Bitcoin mining. Recent data shows that the Bitcoin network now uses low carbon energy for 59.4 percent of its total consumption. This is a notable shift for the industry as it moves away from fossil fuels.

The global Bitcoin network currently consumes about 190 terawatt hours of electricity annually. As scrutiny over the environmental impact of proof of work mining continues, this transition toward renewable resources is a significant development for the asset class.

This trend suggests that miners are finding ways to lower their operational costs while improving their public profile. Investors and regulators will likely watch this energy mix closely to see if the network can maintain this green momentum as hash rates continue to grow.