1/5 Just in: 8th independent report find significant environmental benefits in Bitcoin mining * details in linked tweet "Bitcoin mining can be a practical way of cutting carbon and costs while keeping communities warm"

No, China didn't just ban bitcoin trading and mining again. Actually, mining was never (fully) banned in the first place and the country still has 15-20% of global hashrate

Do we need a better example of why we should separate money from State? UK Govt thinking of trading its bitcoin for Pound sterling. Like living in Venezuela and trading USD for the Bolívar Imagine rushing to do get in on an asset that had lost 99.15% of its value since 2017

Do we need a better example of why we should separate money from State? UK Govt thinking of trading its bitcoin for GDP. Like living in Venezuela and trading USD for the Bolívar Imagine rushing to do get in on an asset that had lost 99.15% of its value since 2017

This year I've been humbled to have able to help some clients in the Bitcoin world to - start up BPI, France (complete) - start a new Bitcoin hedgefund and attract wholesale investment (complete) - start up a state Bitcoin Council (complete) - gain investment from Ego-death Capital for new Bitcoin company (complete) - turn around a Bitcoin mining company (complete) - launch a Bitcoin bond company that scales up global restorative agriculture (in progress) I have capacity to coach one more person who has a vision and wants some help getting this to escape velocity. Reach out if you're interested.

Bitcoin mining in Ethiopia has now their Electricity utility's revenue by $55 Million (18% of its p.a revenue) As Ethiopian Tribune reports, Bitcoin mining achieves this by: "monetising surplus energy" (energy that would otherwise have been wasted) and that "this revenue has been strategically reinvested into infrastructure development ... where Bitcoin mining profits fund the expansion of transmission lines and distribution networks." These transmission lines bring electricity to rural Ethiopians. The Tribune reports that rural electricity access "remained at just 43% in 2021". By accelerating the buildout of new transmission lines, Bitcoin mining is bringing more rural Africans out of energy poverty.

Oh dear. @bloomberg had been publishing some good fact-based invetigative journalism on Bitcoin mining recently. They may think twice about handing the mic to @davidfickling again. Granted it's an opinion piece, but even an opinion should really be written by someone who has done at least cursory investigation of the domain they are writing on. David Fickling by contrast clearly demonstrated that he has no understanding of how energy, hydro, grids or bitcoin mining works and his research on bitcoin mining in the countries he is writing about didn't even extend as far as reading the investigations of his peers in the media. I won’t spend the energy debunking all the nonsense in the article but here's a few of the most glaring errors: The "journalist" makes the claim that Bhutan has somehow been adversely impacted by Bitcoin mining because "that power could have been used by the poor". 101-level misinformation. Bhutan uses surplus water that would have flowed over the side of the dam or sold very cheaply to India. No locals miss out. This has been widely covered by more thorough journalists including WSJ, Forbes, Aljazeera. He also conveniently leaves out the well documented fact that bitcoin mining spared Bhutan a foreign currency reserve crisis source: ... which in turn meant they avoided an IMF debt burden, built a bitcoin treasury now worth almost 50% of their entire GDP and allowed them to put up salaries of govt workers by 50-65% (again, well documented facts from the media outlets that did their homework) source: Ethiopia miners use surplus hydro. Surplus. As is often the case with large infrastructure projects like dams, they are overbuild for future capacity. Many of the  transmission lines have not been built to supply the rural population so the surplus energy is used for bitcoin mining. The $55M additional profit for EEP is being used to build out transmission lines ahead of schedule, delivering power to rural Ethiopians earlier. The Ethiopian Tribune called "Bitcoin mining's success: a Model for Energy-Rich Nations" source: The “that power could have been used for something better” is highly misinformed because most of that hydro power is wasted surplus energy. I know of no informed journalists are still persisting with this take, which was once common in 2021-22 before the independent reports and peer reviewed research (22 papers) started flooding in and showing that bitcoin was using vast swathes of wasted energy). As for “straining grids” - again, this is old FUD debunked multiple times. 3 different peer reviewed studies have shown that bitcoin stabilizes grids because it is a non-rival and flexible user of power. Grid operators in ERCOT and other regions have confirmed this. source: Bitcoin mining has been shown to help reduce electricity prices, accelerate the green energy transition, accelerate renewable hydro microgrid development that brings Africans out of energy poverty,  obviate gas peaker plants, delay expensive grid upgrade costs, and work synergistically with other users of energy because it has an in yoke economic incentive to power down when electricity prices spike (ie: demand from other users rises). This is not conjecture, or opinion, it's been widely documented in 20 peer reviewed journals. source: While the writer tries to neuroassociate bitcoin with fossil fuel by reference to some ancient history in Kazakhstan (very few miners are still located there) this is again highly misleading as bitcoin is, unique to any global industry, predominantly powered by sustainable energy (52.4%, source : Cambridge April 2025, So what is the true picture? The real picture is that Bitcoin mining is doing the exact opposite of the claims in this opinion piece: ie - bringing 10s of 1000s of people in the most energy-poor regions of the world out of energy poverty. Gridless is one of many examples, where as a result of green micro-hydro grids coupled with Bitcion mining, 28,000 rural Africans have already been brought out of energy poverty. source: Looking forward to more informed opinions from journalists who do their homework in future @Bloomberg. @wsj, @bbc, @forbes and @AJEnglis have made the effort. So can you.

Just in: Satellite readings from a landfill we're looking to finance a bitcoin mining project It is emitting 1.535 tonnes of methane every hour! Because methane is 84x more warming over a 20-year period than CO2, that means we can mitigate over 1 Million tonnes of CO2e emissions every year. In 200 climatetech technologies, I've never seen a technology that can reduce as many emissions per dollar invested as Bitcoin mining. 35 similarly sized projects, and Bitcoin becomes the world's first emission-negative network. The landfill owner approached us because there is no other potential user for that power. It is also not an option to sell the power to the grid. This means onsite bitcoin mining is his only feasible option. It will also pay him money for the power generated. * and ... because the project generates not only PE-style returns through equipment financing, but carbon credits it also has an asymmetrically good risk:reward for wholesale investors. Onwards!

Bitcoin heat recycling is now recognized both in the energy sector and independent reports as a way to efficiently deliver electrical heat in a low carbon manner "Bitcoin mining can be a practical way of cutting carbon and costs while keeping communities warm" Source: District Energy, Q3 Report 2025 Context: Two months after Cambridge released a study showing the decarbonizing potential of Bitcoin mining, District Energy released is 3rd Quarter Report, and the entire issue is dedicated to using Datacenters, including Bitcoin mining, as a heat source. Key quotes: "Electrifying heat production, especially in regions with low-carbon or renewable electricity, offers one of the most direct and effective ways to reduce emissions from district heating. Using the heat generated from bitcoin mining could significantly advance this electrification, transforming digital energy infrastructure into a source of high-temperature, low-carbon heat." The report specifically mentions the work of @MARA, who are now using Bitcoin mining to supply heat to 80,000 residents in Finland (1.6% of the total population) "MARA estimate that each MW of recycled heat from bitcoin mining results in 455 fewer metric tons of CO2 emissions per year than the average district heating facility in Finland." This is just one of the ways that Bitcoin mining has been found to reduce carbon emissions and cut energy costs at the same time. For a full report on other ways that Bitcoin achieves these two aims, you can read my full length report. (Link in the comments) source:

IMF just decided to throw some energy FUD at Bitcoin. Game on.