Bitcoin Miners Turn to Renewable Energy Amidst Profit Crisis
Update: 2025-12-13
Description
Bitcoin mining companies are grappling with record-low hash prices, prompting a shift towards renewable energy sources. Sangha Renewables, The Phoenix Group, and Canaan are leading this trend, utilizing solar, hydroelectric, and wind power for their operations. Canaan is also developing AI-powered mining equipment to enhance efficiency. Despite economic pressures and increasing competition, the industry is embracing sustainability and cost-effectiveness.
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