Cryptocurrency Companies Must Now Report Their Energy Use to the Government

Photo caption: A worker installs a row of new mining machines at the largest bitcoin mining facility in the U.S., located in Rockdale, Texas, on October 9, 2021. […] Photo by Mark Felix / AFP via Getty Images. Article by Kristoffer Tigue. Inside Climate News – February 6, 2024.

The Biden administration is now requiring some cryptocurrency producers to report their energy use following rising concerns that the growing industry could pose a threat to the nation’s electricity grids and exacerbate climate change. The Energy Information Administration announced last week that it […]

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