OUR POLICIES
Digital miners play a pivotal role in stabilizing the energy grid, catalyzing the development of energy infrastructure, bolstering energy and national security, and fostering increased economic potential for rural regions.
energy security
With the ongoing growth of the digital economy, the value of integrating digital assets and blockchain technology with essential infrastructure continues to become more obvious. With their ability to rapidly respond to fluctuations in demand on the grid, digital miners work with grid operators to ensure that power is available for consumers when they need it, ensuring grid stability.
DECARBONIZATION
Digital asset mining propels the energy transition and contributes to mitigating climate impact. Mining operations not only complement renewable resources, but also drive the development of new facilities with anchor agreements to purchase power.
SUSTAINABILITY
From transforming flared gas into energy to recycling generated heat for purposes like warming swimming pools, digital mining embodies eco-friendly advancement and charts a path towards a cleaner and more efficient future.
NATIONAL SECURITY
Digital asset mining presents an unparalleled opportunity for the United States to enhance its economic competitiveness and national security. By driving demand for domestic chip manufacturing, miners are eliminating vulnerabilities to our financial sector.
the facts
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Bitcoin represents 0.21% of global electricity consumption and 0.1% of global carbon emissions.
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Bitcoin represents 0.21% of global electricity consumption and 0.1% of global carbon emissions.
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It is in the best interest of U.S. energy and national security to foster the development of blockchain infrastructure and hardware domestically. While further research is needed to fully assess the security implications of Chinese ASICs in Bitcoin mining, fostering a diverse and competitive hardware market, along with incentivizing domestic industry development, should be key priorities for policymakers.
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Concerns have been raised that bitcoin mining is consuming resources that could be utilized by other consumers on the grid. Miners can curtail load when prices are high, giving households better access during times of heavy demand. In the U.S. and Canada, the industry has entered 2.1GW of capacity into curtailment agreements.