$BTC The use of sustainable energy in Bitcoin mining increases to 52%

A recent study from the University of Cambridge shows that sustainable energy now powers 52.4% of Bitcoin mining, a significant increase from the 37.6% reported in 2022.

According to the report, 42.6% of sustainable energy in Bitcoin mining comes from renewable sources such as wind and hydropower, while 9.8% is obtained from nuclear energy.

Natural gas has surpassed coal as the largest energy contributor to Bitcoin mining, with usage rising to 38.2%, compared to 25% in 2022.

Coal's share, on the other hand, has drastically fallen to 8.9% from 36.6%.

The United States became a global leader in Bitcoin mining following China's crackdown on the crypto industry in 2021.

With cheap electricity and strong capital markets, U.S. mining companies quickly gained dominance, and the election of pro-crypto president Donald Trump initially fueled optimism for continued growth.