Elena Nikulina

Daniel Batten: Finland considers Bitcoin mining to stabilize energy grid

Daniel Batten: Finland considers Bitcoin mining to stabilize energy grid
Finland explores Bitcoin mining for grid

Daniel Batten met with Finland's Minister of Economic Affairs to discuss the country's approach to energy infrastructure.

According to Batten, Finland is considering the purchase of gas peaker plants, but the discussion highlighted how integrating Bitcoin mining operations into the national grid could help maintain stability without incurring the extra expense or relying on fossil-fuel-based power sources.

Batten previously noted that Bitcoin mining helped Texans avoid a 4 percent increase in power bills by providing grid stability after Winter Storm Uri, according to his statement in Texas. He has also highlighted data showing that hydro power is now the main source of energy for Bitcoin mining, as detailed in Cambridge research. These points have informed his ongoing discussions on Bitcoin mining’s role in national energy strategies.

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