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Daniel Batten points to a new trend of sovereign green energy–backed Bitcoin mining taking hold in the current cycle.
He highlights that the Middle East and Africa are now leading in large-scale Bitcoin mining initiatives, utilizing these operations to help stabilize electricity grids, boost rural electrification, and drive green energy development.
Batten has previously found that renewable power operations paired with Bitcoin mining achieve increased profitability and lower emissions, according to his research. He has also cited peer-reviewed studies claiming that Bitcoin mining can help resolve the energy trilemma and improve grid stability alongside renewables, as reported in an earlier analysis. The latest trend marks a continuation of Batten’s focus on the sector’s intersection with energy infrastructure.