Empowering Our Energy Future
Mining facilities play a pivotal role in stabilizing the energy grid, catalyzing the development of energy infrastructure, bolstering energy and national security, and fostering economic opportunities for rural regions.
Grid Stability
Bitcoin miners play an essential role in reinforcing the stability of our energy grid. By working with grid operators, miners provide the flexibility needed to maintain reliable service when consumer demand for electricity shifts, ensuring that power remains consistently available when and where it’s needed most.
Energy Optimization
By leveraging renewable energy sources when otherwise curtailed and transforming waste, like heat or flared gas, into valuable resources mining, operations have the potential to contribute significantly to a more efficient energy landscape.
Technological Innovation
Digital asset mining enhances U.S. economic competitiveness and national security by promoting technological innovation. Price sensitivity drives Bitcoin miners to constantly seek out more efficient and low-cost technologies - resulting in novel chip design and cooling systems, among other technologies that benefit various industries.
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Bitcoin represents 0.21% of global electricity consumption and 0.1% of global carbon emissions.
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Miners can curtail load when prices are high, giving households access to more electricity when demand is high. In the U.S. and Canada, the industry has entered 2.1GW of capacity into curtailment agreements.
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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. Fostering a diverse and competitive hardware market while incentivizing domestic industry development should be key priorities for policymakers.
Explore Our Policy Perspectives
Become a part of The Digital Power Network and drive the future of energy independence and sustainability. Explore our policy insights and learn about the standards that are defining the industry.
