![KYC Bitcoin: Individuals are on Lists](https://www.discreetlog.com/content/images/2023/02/binancekycleak.webp)

**_What is KYC/AML?_**

*   The acronym stands for Know Your Customer / Anti Money Laundering.
*   In practice it stands for the surveillance measures companies are often compelled to take against their customers by financial regulators.
*   Methods differ but often include: Passport Scans, Driver License Uploads, Social Security Numbers, Home Address, Phone Number, Face Scans.
*   Bitcoin companies will also store all withdrawal and deposit addresses which can then be used to track bitcoin transactions on the bitcoin block chain.
*   This data is then stored and shared. Regulations often require companies to hold this information for a set number of years but in practice users should assume this data will be held indefinitely. Data is often stored insecurely, which results in frequent [hacks and leaks](https://www.newsweek.com/binance-hack-telegram-kyc-data-extortion-changpeng-zhao-cryptocurrency-bitcoin-1452989?ref=discreetlog.com).
*   KYC/AML data collection puts all honest users at risk of theft, extortion, and persecution while being ineffective at stopping crime. Criminals often use [counterfeit, bought, or stolen](https://www.coindesk.com/policy/2021/10/19/for-200-you-can-trade-crypto-with-a-fake-id/?ref=discreetlog.com) credentials to get around the requirements. Criminals can buy "verified" accounts for as [little as $200](https://www.coindesk.com/policy/2021/10/19/for-200-you-can-trade-crypto-with-a-fake-id/?ref=discreetlog.com). Furthermore, billions of people are excluded from financial services as a result of KYC/AML requirements.

During the early days of bitcoin most services did not require this sensitive user data, but as adoption increased so did the surveillance measures. At this point, **most large bitcoin companies are collecting and storing massive lists of bitcoiners, our sensitive personal information, and our transaction history.**

**Lists of Bitcoiners**

KYC/AML policies are a direct attack on bitcoiners. Lists of bitcoiners and our transaction history will inevitably be used against us.

Once you are on a list with your bitcoin transaction history that record will always exist. Generally speaking, tracking bitcoin is based on probability analysis of ownership change. Surveillance firms use various heuristics to determine if you are sending bitcoin to yourself or if ownership is actually changing hands.  You can obtain better privacy going forward by using collaborative transactions such as coinjoin to break this probability analysis.

Fortunately, you can buy bitcoin without providing intimate personal information. Tools such as [peach](https://peachbitcoin.com/?ref=discreetlog.com), [hodlhodl](https://hodlhodl.com/?ref=discreetlog.com), [robosats](https://learn.robosats.com/?ref=discreetlog.com), [azteco](https://azte.co/?ref=discreetlog.com) and [bisq](https://bisq.network/?ref=discreetlog.com) help; mining is also a solid option: anyone can plug a miner into power and internet and earn bitcoin by mining privately.

You can also earn bitcoin by providing goods and/or services that can be purchased with bitcoin. Long term, circular economies will mitigate this threat: most people will not buy bitcoin - they will earn bitcoin - most people will not sell bitcoin - they will spend bitcoin.

**There is no such thing as KYC or No KYC bitcoin, there are bitcoiners on lists and those that are not on lists.**

* * *

_**If you found this post helpful support my work with [bitcoin](https://geyser.fund/project/citadel?ref=discreetlog.com).**_

![KYC Bitcoin: Individuals are on Lists](https://werunbtc.com/donate.png)


![Patriot Act 2.0](https://www.discreetlog.com/content/images/2023/03/restrictact.webp)

The newly proposed RESTRICT ACT - is being advertised as a TikTok Ban, but is much broader than that, carries a $1M Fine and up to 20 years in prison! It is unconstitutional and would create massive legal restrictions on the open source movement and free speech throughout the internet.

The [Bill](https://www.warner.senate.gov/public/_cache/files/3/f/3f2eaae6-09ad-49e1-b254-46289cf20cca/843D73B1823EA0D4122B4365262410D6.restrict-act-final-text.pdf?ref=discreetlog.com) was proposed by: Senator Warner, Senator Thune, Senator Baldwin, Senator Fischer, Senator Manchin, Senator Moran, Senator Bennet, Senator Sullivan, Senator Gillibrand, Senator Collins, Senator Heinrich, and Senator Romney. It has broad support across Senators of both parties.

Corrupt politicians will not protect us. They are part of the problem. We must build, support, and learn how to use censorship resistant tools in order to defend our natural rights.

> The RESTRICT Act, introduced by Senators Warner and Thune, aims to block or disrupt transactions and financial holdings involving foreign adversaries that pose risks to national security. Although the primary targets of this legislation are companies like Tik-Tok, the language of the bill could potentially be used to block or disrupt cryptocurrency transactions and, in extreme cases, block Americans’ access to open source tools or protocols like Bitcoin.

> The Act creates a redundant regime paralleling OFAC without clear justification, it significantly limits the ability for injured parties to challenge actions raising due process concerns, and unlike OFAC it lacks any carve-out for protected speech. [COINCENTER ON THE RESTRICT ACT](https://www.coincenter.org/the-restrict-act-creates-blanket-authority-with-few-checks-to-ban-just-about-anything-linked-to-a-foreign-adversary/?ref=discreetlog.com)

[**Full Text of Bill**](https://www.warner.senate.gov/public/_cache/files/3/f/3f2eaae6-09ad-49e1-b254-46289cf20cca/843D73B1823EA0D4122B4365262410D6.restrict-act-final-text.pdf?ref=discreetlog.com)

* * *

_**If you found this post helpful support my work with [bitcoin](https://geyser.fund/project/citadel?ref=discreetlog.com).**_

![Patriot Act 2.0](https://werunbtc.com/donate.png)


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Awesome glass hummingbird, what's that from?


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tags: Bitcoin Magazine The ‘Strategy of Latin America’ OranjeBTC Expands Holdings With $1.94M Bitcoin Purchase OranjeBTC has acquired an additional 16 BTC for roughly $1.94 million at an average price of $121,058 per Bitcoin, bringing its year-to-date Bitcoin yield to 1.5% in 2025. As of October 13, the OranjeBTC now holds 3,691 BTC, accumulated for approximately $389.07 million — an average cost basis of $105,412 per coin. Brazil’s First Pure-Bitcoin Public Company OranjeBTC began trading last week on B3, the São Paulo–based exchange that anchors Latin America’s capital markets. Backed by some of the biggest names in global crypto, OranjeBTC entered public markets holding 3,675 BTC — now 3,691 — instantly becoming the region’s largest corporate Bitcoin holder. The “Strategy of Latin America” The company’s model closely mirrors Strategy’s playbook in the United States: issue convertible debt, raise capital, and buy Bitcoin. Just today, Strategy announced the purchase of 220 BTC for $27.2 million at an average price of $123,561 per coin. Strategy now holds 640,250 BTC — about 3.1% of Bitcoin’s total supply — funded through $27.3 million raised via its recent at-the-market offering. Earlier this year, OranjeBTC secured a $210 million investment from Brazil’s largest bank, Itaú, through its investment arm Itaú BBA, positioning its BTC reserves as a long-term strategic asset. That financing round also drew heavyweight backers including Tyler and Cameron Winklevoss, Mexican billionaire Ricardo Salinas, FalconX, and Adam Back of Blockstream, alongside U.S. funds Off the Chain Capital and ParaFi Capital. Saylor’s early mentor, Eric Weiss, a former Morgan Stanley banker and founder of Blockchain Investment Group, sits on Oranje’s board. OranjeBTC’s local Bitcoin education The company is launching an educational platform aimed at teaching shareholders and institutional investors about Bitcoin’s monetary properties — what it calls a “learning layer” for Brazil’s next generation of savers. “We want to be an information center and help Brazilians and Latin Americans understand what money is, the role of a tangible asset, and how Bitcoin works,” Founder Guilherme Gomes told WIRED en Español in September. The listing was executed as a reverse IPO, with OranjeBTC merging into Intergraus, an already-listed entity on B3. Following the transaction, roughly 85% of shares will be in free float — opening the door for both institutional and retail investors to gain direct exposure to a company whose only real product is Bitcoin accumulation. B3 launched Bitcoin futures in 2022 and explored crypto custody services soon after. This post The ‘Strategy of Latin America’ OranjeBTC Expands Holdings With $1.94M Bitcoin Purchase first appeared on Bitcoin Magazine and is written by Micah Zimmerman.

content:
[Bitcoin Magazine](https://bitcoinmagazine.com)
![](https://bitcoinmagazine.com/wp-content/uploads/2025/10/The-Strategy-of-Latin-America-OranjeBTC-Expands-Holdings-With-1.94M-Bitcoin-Purchase.jpg)
[The ‘Strategy of Latin America’ OranjeBTC Expands Holdings With $1.94M Bitcoin Purchase](https://bitcoinmagazine.com/business/the-strategy-of-latin-america-oranjebtc-expands-holdings-with-1-94m-bitcoin-purchase)

OranjeBTC has acquired an additional 16 BTC for roughly $1.94 million at an average price of $121,058 per Bitcoin, bringing its year-to-date Bitcoin yield to 1.5% in 2025.

As of October 13, the [OranjeBTC now holds](https://x.com/oranjebtc/status/1977718068622045615?s=46&t=qcJDE0RaWiQjEKjMZF2JjA) 3,691 BTC, accumulated for approximately $389.07 million — an average cost basis of $105,412 per coin.

Brazil’s First Pure-Bitcoin Public Company
------------------------------------------

OranjeBTC [began trading](https://bitcoinmagazine.com/business/oranjebtc-goes-public-on-brazils-b3-driving-latin-americas-bitcoin-push) last week on B3, the São Paulo–based exchange that anchors Latin America’s capital markets.

Backed by some of the biggest names in global crypto, OranjeBTC entered public markets holding 3,675 BTC — now 3,691 — instantly becoming the region’s largest corporate Bitcoin holder.

The “Strategy of Latin America”
-------------------------------

The company’s model closely mirrors Strategy’s playbook in the United States: issue convertible debt, raise capital, and buy Bitcoin.

Just today, Strategy [announced](https://bitcoinmagazine.com/markets/bitcoin-price-rebounds-above-114000-as-strategy-buys-220-more-bitcoin) the purchase of 220 BTC for $27.2 million at an average price of $123,561 per coin.

Strategy now holds 640,250 BTC — about 3.1% of Bitcoin’s total supply — funded through $27.3 million raised via its recent at-the-market offering.

Earlier this year, OranjeBTC [secured](https://bitcoinmagazine.com/news/oranjebtc-to-debut-on-brazils-b3-bringing-410-million-in-bitcoin-to-public-markets) a $210 million investment from Brazil’s largest bank, Itaú, through its investment arm Itaú BBA, positioning its BTC reserves as a long-term strategic asset.

That financing round also drew heavyweight backers including Tyler and Cameron Winklevoss, Mexican billionaire Ricardo Salinas, FalconX, and Adam Back of Blockstream, alongside U.S. funds Off the Chain Capital and ParaFi Capital.

Saylor’s early mentor, Eric Weiss, a former Morgan Stanley banker and founder of Blockchain Investment Group, sits on Oranje’s board.

OranjeBTC’s local Bitcoin education
-----------------------------------

The company is launching an educational platform aimed at teaching shareholders and institutional investors about Bitcoin’s monetary properties — what it calls a “learning layer” for Brazil’s next generation of savers.

“We want to be an information center and help Brazilians and Latin Americans understand what money is, the role of a tangible asset, and how Bitcoin works,” Founder Guilherme Gomes [told](https://es.wired.com/articulos/oranjebtc-la-compania-brasilena-que-se-convirtio-en-la-empresa-de-america-latina-con-mayor-reserva-de-bitcoin) _WIRED en Español_ in September.

The listing was executed as a reverse IPO, with OranjeBTC merging into Intergraus, an already-listed entity on B3.

Following the transaction, roughly 85% of shares will be in free float — opening the door for both institutional and retail investors to gain direct exposure to a company whose only real product is Bitcoin accumulation.

B3 launched Bitcoin futures in 2022 and explored crypto custody services soon after.

This post [The ‘Strategy of Latin America’ OranjeBTC Expands Holdings With $1.94M Bitcoin Purchase](https://bitcoinmagazine.com/business/the-strategy-of-latin-america-oranjebtc-expands-holdings-with-1-94m-bitcoin-purchase) first appeared on [Bitcoin Magazine](https://bitcoinmagazine.com) and is written by [Micah Zimmerman](https://bitcoinmagazine.com/authors/micahzimmerman).


tags: Bitcoin Magazine ‘Our Allegiance Is With Bitcoiners’: Steak ‘n Shake Scraps Ethereum Payment Idea American fast-food chain Steak ‘n Shake has abandoned plans to accept Ethereum payments following criticism from Bitcoin supporters. The 90-year-old chain, which began accepting Bitcoin (BTC) in May, ran a poll on X over the weekend asking its 468,800 followers whether it should expand its crypto options to include Ethereum. Nearly 49,000 votes were cast, with 53% in favor. However, just four hours later, the company suspended the poll, declaring its allegiance to Bitcoiners. “Poll suspended. Our allegiance is with Bitcoiners. You have spoken,” Steak ‘n Shake posted. Vitalik Buterin, Ethereum co-founder, defended Steak ‘n Shake’s decision. He suggested that crypto-adopting businesses should commit to one community rather than attempting to appeal to all, calling for “We need the stubborn ones who believe in their cause and their tribe and see their work as a labor of love to it.” The company’s relationship with Bitcoiners has been financially beneficial. Since introducing BTC payments across U.S., French, Monaco, and Spanish locations, Steak ‘n Shake reported a 15% year-over-year increase in same-store sales during Q3, a growth partially credited to Bitcoiners’ patronage. Steak ‘n Shake will also be launching the “Bitcoin Steakburger” on Oct. 16 to celebrate the company’s adoption of Bitcoin. Poll suspended. Our allegiance is with Bitcoiners. You have spoken. Who even allowed this? I'm back at my desk. – Steaktoshi https://t.co/4RkASUVa8L — Steak 'n Shake (@SteaknShake) October 12, 2025 Several vocal Bitcoin advocates expressed disappointment at the poll. Adam Simecka, creator of the Bitcoin self-custody wallet Manna, warned, “I promise, if you accept ETH, I will never eat at your restaurant again.” After the reversal, Manna then went on to offer a free Steak ‘n Shake meal to one of their followers. Steak ‘n Shake saved money with Bitcoin payments Back in May, Steak ‘n Shake executive Dan Edwards said that transactions were already exceeding expectations and accounting for 1 in every 500 Bitcoin payments worldwide on launch day. The move reportedly saved the company 50% on processing fees and is viewed as a serious upgrade to payment options rather than a marketing stunt. The company uses the Lightning Network across all U.S. locations, allowing customers to pay for meals with fast, low-fee BTC transactions. Payments can be completed by scanning a Lightning QR code at checkout, with a backend processor converting Bitcoin to USD in real time, ensuring simplicity and stability. The rollout was a full-scale implementation, not a test. You can pay with bitcoin at Steak ‘n Shake today. This post ‘Our Allegiance Is With Bitcoiners’: Steak ‘n Shake Scraps Ethereum Payment Idea first appeared on Bitcoin Magazine and is written by Micah Zimmerman.

content:
[Bitcoin Magazine](https://bitcoinmagazine.com)
![](https://bitcoinmagazine.com/wp-content/uploads/2025/05/Steak-n-Shake-Now-Accepting-Bitcoin-via-Lightning-Network-Across-U.S.-Locations.jpg)
[‘Our Allegiance Is With Bitcoiners’: Steak ‘n Shake Scraps Ethereum Payment Idea](https://bitcoinmagazine.com/business/our-allegiance-is-with-bitcoiners-steak-n-shake-scraps-ethereum-payment-idea)

American fast-food chain Steak ‘n Shake has abandoned plans to accept Ethereum payments following criticism from Bitcoin supporters.

The 90-year-old chain, which [began accepting](https://bitcoinmagazine.com/news/steak-n-shake-will-accept-bitcoin-payments-in-all-u-s-locations-starting-next-week) Bitcoin (BTC) in May, [ran a poll](https://x.com/SteaknShake/status/1977130885817548857) on X over the weekend asking its 468,800 followers whether it should expand its crypto options to include Ethereum.

Nearly 49,000 votes were cast, with 53% in favor.

However, just four hours later, the company suspended the poll, declaring its allegiance to Bitcoiners. “Poll suspended. Our allegiance is with Bitcoiners. You have spoken,” Steak ‘n Shake [posted](https://x.com/SteaknShake/status/1977195903749652808).

Vitalik Buterin, Ethereum co-founder, [defended](https://x.com/VitalikButerin/status/1977229514477650163) Steak ‘n Shake’s decision. He suggested that crypto-adopting businesses should commit to one community rather than attempting to appeal to all, calling for “We need the stubborn ones who believe in their cause and their tribe and see their work as a labor of love to it.”

The company’s relationship with Bitcoiners has been financially beneficial. Since introducing BTC payments across U.S., French, Monaco, and Spanish locations, Steak ‘n Shake [reported](https://x.com/SteaknShake/status/1976125910760722466) a 15% year-over-year increase in same-store sales during Q3, a growth partially credited to Bitcoiners’ patronage.

Steak ‘n Shake [will also be launching](https://cointelegraph.com/news/steak-n-shake-u-turns-eth-payments) the “Bitcoin Steakburger” on Oct. 16 to celebrate the company’s adoption of Bitcoin.

> Poll suspended. Our allegiance is with Bitcoiners. You have spoken. Who even allowed this? I'm back at my desk.
>
> – Steaktoshi [https://t.co/4RkASUVa8L](https://t.co/4RkASUVa8L)
>
> — Steak 'n Shake (@SteaknShake) [October 12, 2025](https://twitter.com/SteaknShake/status/1977195903749652808?ref_src=twsrc%5Etfw)

Several vocal Bitcoin advocates expressed disappointment at the poll.

Adam Simecka, creator of the Bitcoin self-custody wallet Manna, [warned](https://x.com/AdamSimecka/status/1977149575741030583), “I promise, if you accept ETH, I will never eat at your restaurant again.” After the reversal, Manna then went on to offer a free Steak ‘n Shake meal to one of their followers.

Steak ‘n Shake saved money with Bitcoin payments
------------------------------------------------

Back in May, Steak ‘n Shake executive Dan Edwards [said](https://bitcoinmagazine.com/news/steak-n-shake-reveals-bitcoin-payment-success-at-bitcoin-2025-conference) that transactions were already exceeding expectations and accounting for 1 in every 500 Bitcoin payments worldwide on launch day.

The move reportedly saved the company 50% on processing fees and is viewed as a serious upgrade to payment options rather than a marketing stunt.

The company [uses the Lightning Network](https://bitcoinmagazine.com/news/steak-n-shake-now-accepting-bitcoin-via-lightning-network-across-u-s-locations) across all U.S. locations, allowing customers to pay for meals with fast, low-fee BTC transactions.

Payments can be completed by scanning a Lightning QR code at checkout, with a backend processor converting Bitcoin to USD in real time, ensuring simplicity and stability. The rollout was a full-scale implementation, not a test.

You can pay with bitcoin at Steak ‘n Shake today.

This post [‘Our Allegiance Is With Bitcoiners’: Steak ‘n Shake Scraps Ethereum Payment Idea](https://bitcoinmagazine.com/business/our-allegiance-is-with-bitcoiners-steak-n-shake-scraps-ethereum-payment-idea)  first appeared on [Bitcoin Magazine](https://bitcoinmagazine.com) and is written by [Micah Zimmerman](https://bitcoinmagazine.com/authors/micahzimmerman).


RSS-to-Nostr of A Bola

about:
RSS-to-Nostr feed of A Bola
More RSS-To-Nostr can be found in my following list


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Alive and kicking


tags: Bitcoin Magazine Bitcoin Price Rebounds Above $114,000 As Strategy Buys 220 More Bitcoin Bitcoin price has recovered above $114,000 following Strategy’s latest Bitcoin purchase announcement, as corporate treasury adoption of Bitcoin continues to accelerate. The world’s largest corporate bitcoin holder revealed it acquired an additional 220 BTC for approximately $27.2 million, at an average price of $123,561 per bitcoin. Strategy now holds 640,250 BTC worth, representing about 3.1% of Bitcoin’s total supply. The latest purchase was funded through proceeds from the company’s various at-the-market (ATM) offering programs, which raised $27.3 million during the period of October 6-12, 2025. Strategy’s continued Bitcoin accumulation comes amid a broader trend of companies adding Bitcoin to their corporate treasuries. DDC Enterprise Limited recently completed a $124 million equity financing round to advance its bitcoin treasury strategy. BREAKING: STRATEGY BUYS ANOTHER 220 #BITCOIN FOR $27.2 MILLION pic.twitter.com/0uG4LWAZhE — Bitcoin Magazine (@BitcoinMagazine) October 13, 2025 We’re seeing an unprecedented wave of corporate treasury adoption. Unlike previous cycles, firms are now directly adding Bitcoin into their corporate treasuries, treating it as a major store of value and hedge against inflation. The acceleration in corporate Bitcoin adoption comes as U.S. spot Bitcoin ETFs continue to see strong inflows. BlackRock’s IBIT ETF recently surpassed 800,000 BTC in assets under management, valued at approximately $97 billion. Strategy utilised multiple financing vehicles to fund its latest Bitcoin purchase, demonstrating the company’s sophisticated approach to building its Bitcoin position. The company raised $19.8 million through its STRF ATM program, $1.7 million via STRK ATM shares, and $5.8 million from STRD ATM offerings. The company has established several significant ATM programs, including a $2.1 billion STRF program, $4.2 billion STRC program, $21 billion STRK program, $4.2 billion STRD program, and $21 billion MSTR common stock program, showcasing its commitment to continued Bitcoin acquisition. Bitcoin’s price has shown resilience above $114,000, supported by growing institutional demand through both corporate treasury additions and ETF inflows. The combination of corporate treasury adoption and ETF inflows is creating persistent structural demand. This cycle is distinctly different from previous ones, with institutions treating Bitcoin as a strategic reserve asset. The trend of companies adding Bitcoin to their balance sheets shows no signs of slowing, with more firms expected to announce treasury allocations in the coming months. This growing corporate adoption, combined with strong ETF demand and the upcoming Bitcoin halving, continues to support positive market sentiment. Strategy’s latest purchase reinforces its position as the largest corporate Bitcoin holder and demonstrates the company’s long-term commitment to Bitcoin as a treasury reserve asset. As more companies follow suit, the corporate treasury trend appears to be evolving from an experimental approach to an established treasury management strategy, fundamentally changing how institutions view and interact with Bitcoin. This post Bitcoin Price Rebounds Above $114,000 As Strategy Buys 220 More Bitcoin first appeared on Bitcoin Magazine and is written by Vivek Sen.

content:
[Bitcoin Magazine](https://bitcoinmagazine.com)
![](https://bitcoinmagazine.com/wp-content/uploads/2025/08/michael-saylor-the-power-of-21-b.jpg)
[Bitcoin Price Rebounds Above $114,000 As Strategy Buys 220 More Bitcoin](https://bitcoinmagazine.com/markets/bitcoin-price-rebounds-above-114000-as-strategy-buys-220-more-bitcoin)

[Bitcoin price](https://bitcoinmagazine.com/tags/bitcoin-price) has recovered above $114,000 following [Strategy’s](https://bitcoinmagazine.com/tags/strategy) latest Bitcoin purchase [announcement](https://www.strategy.com/press/strategy-acquires-220-btc-and-now-holds-640250-btc_10-13-2025), as corporate treasury adoption of Bitcoin continues to accelerate. The world’s largest corporate bitcoin holder revealed it acquired an additional 220 BTC for approximately $27.2 million, at an average price of $123,561 per bitcoin.

[Strategy](https://bitcoinmagazine.com/tags/strategy) now holds 640,250 BTC worth, representing about 3.1% of Bitcoin’s total supply. The latest purchase was funded through proceeds from the company’s various at-the-market (ATM) offering programs, which raised $27.3 million during the period of October 6-12, 2025.

[Strategy’s](https://bitcoinmagazine.com/tags/strategy) continued Bitcoin accumulation comes amid a broader trend of companies adding Bitcoin to their corporate treasuries. DDC Enterprise Limited recently completed a $124 million equity financing round to advance its bitcoin treasury strategy.

> BREAKING: ![🇺🇸](https://s.w.org/images/core/emoji/16.0.1/72x72/1f1fa-1f1f8.png) STRATEGY BUYS ANOTHER 220 [#BITCOIN](https://twitter.com/hashtag/BITCOIN?src=hash&ref_src=twsrc%5Etfw) FOR $27.2 MILLION [pic.twitter.com/0uG4LWAZhE](https://t.co/0uG4LWAZhE)
>
> — Bitcoin Magazine (@BitcoinMagazine) [October 13, 2025](https://twitter.com/BitcoinMagazine/status/1977706460021670284?ref_src=twsrc%5Etfw)

We’re seeing an unprecedented wave of corporate treasury adoption. Unlike previous cycles, firms are now directly adding Bitcoin into their corporate treasuries, treating it as a major store of value and hedge against inflation.

The acceleration in corporate Bitcoin adoption comes as U.S. spot Bitcoin ETFs continue to see strong inflows. BlackRock’s IBIT ETF recently surpassed 800,000 BTC in assets under management, valued at approximately $97 billion.

[Strategy](https://bitcoinmagazine.com/tags/strategy) utilised multiple financing vehicles to fund its [latest Bitcoin purchase](https://www.strategy.com/press/strategy-acquires-220-btc-and-now-holds-640250-btc_10-13-2025), demonstrating the company’s sophisticated approach to building its Bitcoin position. The company raised $19.8 million through its STRF ATM program, $1.7 million via STRK ATM shares, and $5.8 million from STRD ATM offerings.

The company has established several significant ATM programs, including a $2.1 billion STRF program, $4.2 billion STRC program, $21 billion STRK program, $4.2 billion STRD program, and $21 billion MSTR common stock program, showcasing its commitment to continued Bitcoin acquisition.

[Bitcoin’s price](https://bitcoinmagazine.com/tags/bitcoin-price) has shown resilience above $114,000, supported by growing institutional demand through both corporate treasury additions and ETF inflows.

The combination of corporate treasury adoption and ETF inflows is creating persistent structural demand. This cycle is distinctly different from previous ones, with institutions treating Bitcoin as a strategic reserve asset.

The trend of companies adding Bitcoin to their balance sheets shows no signs of slowing, with more firms expected to announce treasury allocations in the coming months. This growing corporate adoption, combined with strong ETF demand and the upcoming Bitcoin halving, continues to support positive market sentiment.

[Strategy’s](https://bitcoinmagazine.com/tags/strategy) latest purchase reinforces its position as the largest corporate Bitcoin holder and demonstrates the company’s long-term commitment to Bitcoin as a treasury reserve asset. As more companies follow suit, the corporate treasury trend appears to be evolving from an experimental approach to an established treasury management strategy, fundamentally changing how institutions view and interact with Bitcoin.

This post [Bitcoin Price Rebounds Above $114,000 As Strategy Buys 220 More Bitcoin](https://bitcoinmagazine.com/markets/bitcoin-price-rebounds-above-114000-as-strategy-buys-220-more-bitcoin) first appeared on [Bitcoin Magazine](https://bitcoinmagazine.com) and is written by [Vivek Sen](https://bitcoinmagazine.com/authors/vivek-sen-bitcoin).


tags: Bitcoin Magazine Bitcoin Price Crashes to $108,000 As Trump To Impose 100% Tariffs on China Bitcoin price dropped to the $108,000 range today as escalating U.S.-China trade tensions and tariff talks sent shockwaves through global markets. President Donald Trump posted on Truth Social today that China has announced “aggressive” and “unprecedented” export controls on nearly all products, affecting all countries starting November 1, 2025. In response, Trump said the U.S. will impose a 100% tariff on Chinese goods and enforce export controls on critical software from the same date. Bitcoin price dumped as a result of the news, dumping from roughly $117,000 in early afternoon to below $108,000. At the time of writing, the bitcoin price is back to the $113,000 range with high volatility. At times, the bitcoin price was down roughly 10% with many other cryptocurrencies down 20-40% JUST IN: #BITCOIN FALLS BELOW $109,000 AS US ANNOUNCES 100% TARIFFS ON CHINA HODL pic.twitter.com/JddDFm801z — Bitcoin Magazine (@BitcoinMagazine) October 10, 2025 Markets react to U.S-China trade relations Global markets sold off earlier today following President Trump’s announcement of plans to dramatically increase tariffs on Chinese goods. The move came in response to Beijing’s new restrictions on rare-earth exports, which the U.S. president accused China of using to “monopolize” critical resources. China’s tightened export controls now extend to foreign-made products that contain or were processed using Chinese rare-earths, signaling a major escalation in the trade dispute. The policy expansion — targeting defense, semiconductor, and AI sectors — sparked concerns of a global supply chain shock. Risk assets broadly tumbled today, with the S&P 500 falling 2% and the Nasdaq down 2.7%. Trump also canceled a planned meeting with Xi Jinping at APEC, vowing to “financially counter” China’s move. Trump earlier described Beijing’s actions as “sinister and hostile,” claiming the U.S. holds even greater leverage but has refrained from using it — until now. Crypto-related stocks, like Circle (CRCL), Robinhood (HOOD), Coinbase (COIN), and MicroStrategy (MSTR), declined 3%-12% throughout the day. Bitcoin price reaction Bitcoin started October on a tear, hitting fresh all-time highs above $126,000 during the first week of the month before easing back into the $121,000 range in recent days. Market analysts say the rally reflects what many describe as the “euphoria phase” of the ongoing bull cycle — a stage historically marked by rapid price acceleration and growing retail enthusiasm. If past cycles are any guide, the current momentum could propel Bitcoin toward the $180,000–$200,000 range before sentiment cools. The leading cryptocurrency has climbed more than 30% since the start of the year, fueled by steady inflows into U.S.-listed Bitcoin ETFs and a resurgence of investor confidence across the digital asset market. This post Bitcoin Price Crashes to $108,000 As Trump To Impose 100% Tariffs on China first appeared on Bitcoin Magazine and is written by Micah Zimmerman.

content:
[Bitcoin Magazine](https://bitcoinmagazine.com)
![](https://bitcoinmagazine.com/wp-content/uploads/2025/10/Bitcoin-Price-Crashes-to-108000-As-Trump-To-Impose-100-Tariffs-on-China.jpg)
[Bitcoin Price Crashes to $108,000 As Trump To Impose 100% Tariffs on China](https://bitcoinmagazine.com/news/bitcoin-price-crashes-to-108000-as-trump-to-impose-100-tariffs-on-china)

Bitcoin price dropped to the $108,000 range today as escalating U.S.-China trade tensions and tariff talks sent shockwaves through global markets.

President Donald Trump [posted](https://truthsocial.com/@realDonaldTrump/posts/115351840469973590) on Truth Social today that China has announced “aggressive” and “unprecedented” export controls on nearly all products, affecting all countries starting November 1, 2025. In response, Trump said the U.S. will impose a 100% tariff on Chinese goods and enforce export controls on critical software from the same date.

Bitcoin price dumped as a result of the news, dumping from roughly $117,000 in early afternoon to below $108,000. At the time of writing, the bitcoin price is back to the $113,000 range with high volatility.

At times, the bitcoin price was down roughly 10% with many other cryptocurrencies down 20-40%

> JUST IN: [#BITCOIN](https://twitter.com/hashtag/BITCOIN?src=hash&ref_src=twsrc%5Etfw) FALLS BELOW $109,000 AS US ANNOUNCES 100% TARIFFS ON CHINA ![🇨🇳](https://s.w.org/images/core/emoji/16.0.1/72x72/1f1e8-1f1f3.png)
>
> HODL ![✊](https://s.w.org/images/core/emoji/16.0.1/72x72/270a.png) [pic.twitter.com/JddDFm801z](https://t.co/JddDFm801z)
>
> — Bitcoin Magazine (@BitcoinMagazine) [October 10, 2025](https://twitter.com/BitcoinMagazine/status/1976759481863205329?ref_src=twsrc%5Etfw)

Markets react to U.S-China trade relations
------------------------------------------

Global markets sold off earlier today following President Trump’s [announcement](https://bitcoinmagazine.com/markets/bitcoin-price-sinks-to-118000) of plans to dramatically increase tariffs on Chinese goods. The move [came in response](https://www.theguardian.com/us-news/2025/oct/10/trump-china-tariffs) to Beijing’s new restrictions on rare-earth exports, which the U.S. president accused China of using to “monopolize” critical resources.

China’s tightened export controls now extend to foreign-made products that contain or were processed using Chinese rare-earths, signaling a major escalation in the trade dispute.

The policy expansion — targeting defense, semiconductor, and AI sectors — sparked concerns of a global supply chain shock.

Risk assets broadly tumbled today, with the S&P 500 falling 2% and the Nasdaq down 2.7%. Trump also canceled a planned meeting with Xi Jinping at APEC, vowing to “financially counter” China’s move.

Trump earlier described Beijing’s actions as “sinister and hostile,” claiming the U.S. holds even greater leverage but has refrained from using it — until now.

Crypto-related stocks, like Circle (CRCL), Robinhood (HOOD), Coinbase (COIN), and MicroStrategy (MSTR), declined 3%-12% throughout the day.

Bitcoin price reaction
----------------------

Bitcoin started October on a tear, hitting fresh all-time highs above $126,000 during the first week of the month before easing back into the $121,000 range in recent days.

Market analysts [say the rally reflects](https://bitcoinmagazine.com/markets/bitcoin-price-prediction-bombshell) what many describe as the “euphoria phase” of the ongoing bull cycle — a stage historically marked by rapid price acceleration and growing retail enthusiasm.

If past cycles are any guide, the current momentum could propel Bitcoin toward the $180,000–$200,000 range before sentiment cools.

The leading cryptocurrency has climbed more than 30% since the start of the year, fueled by [steady inflows](https://bitcoinmagazine.com/news/bitcoin-hits-new-all-time-high-as-ibit-breaks-etf-records) into U.S.-listed Bitcoin ETFs and a resurgence of investor confidence across the digital asset market.

This post [Bitcoin Price Crashes to $108,000 As Trump To Impose 100% Tariffs on China](https://bitcoinmagazine.com/news/bitcoin-price-crashes-to-108000-as-trump-to-impose-100-tariffs-on-china) first appeared on [Bitcoin Magazine](https://bitcoinmagazine.com) and is written by [Micah Zimmerman](https://bitcoinmagazine.com/authors/micahzimmerman).


tags: Bitcoin Magazine Bitcoin-Miner Canaan ($CAN) to Turn Flared Gas Into Computing Power in Canada In a move that blends energy innovation with digital infrastructure, Canaan Inc. announced the launch of a pilot project in Calgary, Alberta, designed to turn stranded or flared natural gas into power for Bitcoin mining and high-performance computing. The initiative, developed in partnership with Aurora AZ Energy, marks a step for Canaan as it explores how waste gas — often burned off at remote wells — can instead fuel computing power directly at the source. The pilot will install over $2 million worth of Avalon A15 Pro miners and modular data centers at wellheads, delivering roughly 2.5 megawatts of computing capacity with a guaranteed 90% uptime. Canaan’s stock started in the green and is currently up 22% on the news to $1.33 per share. At its core, this “gas-to-compute” system is an experiment in efficiency: using off-grid energy that would otherwise pollute to power one of the world’s most energy-hungry industries. Canaan estimates the project will prevent up to 14,000 metric tons of CO₂-equivalent emissions annually by capturing and converting flared gas into electricity. “This initiative represents a major step in demonstrating how computing infrastructure can evolve alongside energy innovation,” said Canaan CEO Nangeng Zhang. “By integrating localized natural gas generation with our modular systems, we’re transforming previously wasted resources into productive energy.” From flared gas to Bitcoin mining and AI innovation Flared gas — natural gas released and burned as a byproduct of oil extraction — remains a significant environmental challenge, especially in energy-rich regions like Alberta. According to the Alberta Energy Regulator, more than 900 million cubic meters of gas were flared in 2024 alone. The Canaan-Aurora model aims to turn that problem into an opportunity, creating what Aurora CEO Jing Shan Zhou calls a “scalable framework” for converting flared or stranded gas into computing power, according to the company’s press release. Beyond Bitcoin mining, Canaan envisions a broader application for this model in powering AI and high-performance computing workloads — sectors facing mounting pressure to find cheaper, cleaner energy sources. As hyperscale data centers drive global power demand higher, localized energy generation like this could offer an alternative path to scale sustainably. During downtime or grid curtailments, Canaan will also benefit from selling excess power back to the grid through demand-response programs, the company said. This post Bitcoin-Miner Canaan ($CAN) to Turn Flared Gas Into Computing Power in Canada first appeared on Bitcoin Magazine and is written by Micah Zimmerman.

content:
[Bitcoin Magazine](https://bitcoinmagazine.com)
![](https://bitcoinmagazine.com/wp-content/uploads/2025/10/Bitcoin-Miner-Canaan-CAN-to-Turn-Flared-Gas-Into-Computing-Power-in-Canada.jpg)
[Bitcoin-Miner Canaan ($CAN) to Turn Flared Gas Into Computing Power in Canada](https://bitcoinmagazine.com/bitcoin-mining/bitcoin-miner-canaan-can-to-turn-flared-gas-into-computing-power-in-canada)

In a move that blends energy innovation with digital infrastructure, Canaan Inc. announced the launch of a pilot project in Calgary, Alberta, designed to turn stranded or flared natural gas into power for Bitcoin mining and high-performance computing.

The initiative, developed in partnership with Aurora AZ Energy, [marks a step](https://www.prnewswire.com/news-releases/canaan-inc-launches-innovative-gas-to-computing-pilot-in-canada-with-energy-infrastructure-developer-302582055.html) for Canaan as it explores how waste gas — often burned off at remote wells — can instead fuel computing power directly at the source.

The pilot will install over $2 million worth of Avalon A15 Pro miners and modular data centers at wellheads, delivering roughly 2.5 megawatts of computing capacity with a guaranteed 90% uptime.

Canaan’s stock started in the green and is currently up 22% on the news to $1.33 per share.

At its core, this “gas-to-compute” system is an [experiment in efficiency](https://bitcoinmagazine.com/business/creator-of-the-bitcoin-asic-says-next-wave-of-mining-efficiency-is-coming-): using off-grid energy that would otherwise pollute to power one of the world’s most energy-hungry industries. Canaan estimates the project will prevent up to 14,000 metric tons of CO₂-equivalent emissions annually by capturing and converting flared gas into electricity.

“This initiative represents a major step in demonstrating how computing infrastructure can evolve alongside energy innovation,” said Canaan CEO Nangeng Zhang. “By integrating localized natural gas generation with our modular systems, we’re transforming previously wasted resources into productive energy.”

From flared gas to Bitcoin mining and AI innovation
---------------------------------------------------

Flared gas — natural gas released and burned as a byproduct of oil extraction — remains a significant environmental challenge, especially in energy-rich regions like Alberta.

According to the Alberta Energy Regulator, more than 900 million cubic meters of gas were flared in 2024 alone. The Canaan-Aurora model aims to turn that problem into an opportunity, creating what Aurora CEO Jing Shan Zhou calls a “scalable framework” for converting flared or stranded gas into computing power, according to the company’s press release.

Beyond [Bitcoin mining](https://bitcoinmagazine.com/news/bitcoin-mining-company-canaan-adopts-btc-as-primary-reserve-asset), Canaan envisions a broader application for this model in [powering AI](https://bitcoinmagazine.com/bitcoin-mining/iren-stock-soars-bitcoin-mining-firm-surges-on-wall-street-ai-cloud-optimism) and high-performance computing workloads — sectors facing mounting pressure to find cheaper, cleaner energy sources.

As hyperscale data centers drive global power demand higher, localized energy generation like this could offer an alternative path to scale sustainably.

During downtime or grid curtailments, Canaan will also benefit from selling excess power back to the grid through demand-response programs, the company said.

This post [Bitcoin-Miner Canaan ($CAN) to Turn Flared Gas Into Computing Power in Canada](https://bitcoinmagazine.com/bitcoin-mining/bitcoin-miner-canaan-can-to-turn-flared-gas-into-computing-power-in-canada) first appeared on [Bitcoin Magazine](https://bitcoinmagazine.com) and is written by [Micah Zimmerman](https://bitcoinmagazine.com/authors/micahzimmerman).


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RSS-to-Nostr of Nature

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that's weird, but keep on pushing them, they should cave eventually. yeah, it's useful to have redundancy across platforms, some more popular, some more resilient, e.g. Twitter, Nostr and Arweave. looks like climbing skills are useful in evading censorship ;)
lol, in the beginning it did feel like standing up in a hammock :))) I meant that I'm basically not using web clients, which work much more smoothly than desktop apps (but are less safe).


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Doesn’t go to our table?


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RSS-to-Nostr of Declassified UK

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tags: A short note: https://media.tenor.com/U0_G_uk4Z8UAAAAC/rihanna-a...


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Alive and kicking


Well said 👏🏾


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Couple of perhaps dumb questions about the Channels:

Am I able to open a channel, and then swap out some funds back to onchain for when outbound liquidity gets heavy on my side in the app?

And, am I able to connect my btcpay server to my internal node in Zeus?


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RSS-to-Nostr of Slashdot

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tags: How Ideologically-Driven Environmental NGOs Have Hindered the Phase-Out of Gas Peaker Plants

tags: Gas peaker plants, which fire up during periods of high electricity demand, are a critical yet environmentally damaging component of many energy grids. These plants emit significant amounts of CO2, nitrogen oxides (NOx), and particulate matter, disproportionately impacting low-income communities near their locations. While there is broad consensus on the need to phase them out, progress has stalled. Surprisingly, a key barrier comes from an unexpected source: ideologically driven environmental NGOs. Despite advocating for cleaner energy, these groups have often opposed pragmatic solutions to reduce peaker plant reliance. By dismissing collaborations with utilities and energy companies as “greenwashing” outright, and refusing to engage with transitional technologies, they inadvertently prolong the lifespan of these polluting facilities. The Problem with “All or Nothing” Activism Many environmental NGOs operate under a rigid ideological framework that rejects any solution involving fossil fuel infrastructure, even if it demonstrably reduces emissions in the short term. This stance has led to the dismissal of viable bridge technologies, such as: Retrofitting Peaker Plants with Carbon Capture or Efficiency Upgrades In 2021, Duke Energy proposed retrofitting gas peaker plants in North Carolina with carbon capture systems and hybrid natural gas-battery systems to cut emissions by 50%. However, the Sierra Club and Sunrise Movement labeled the plan a “false climate solution,” arguing it legitimized fossil fuels. The project was shelved, leaving older, higher-emitting peakers in operation (source: Duke Energy Sustainability Report, 2022). Renewable-Natural Gas Hybrid Projects In California, where peaker plants contribute to poor air quality, startups like Mote Hydrogen sought to convert peakers to run on hydrogen-blended natural gas. While this would reduce NOx emissions by 30%, NGOs like 350.org criticized the effort as a “distraction from true renewables,” despite the lack of large-scale battery storage to replace peakers entirely (source: California Air Resources Board, 2023). These examples highlight a pattern: NGOs frequently attack projects that could meaningfully reduce emissions while offering no scalable alternatives. The result? Utilities default to maintaining outdated peaker plants rather than risk reputational damage from NGO backlash. Criticism Without Grid-Scale Alternatives The International Energy Agency (IEA) estimates that even in net-zero scenarios, natural gas will supply 15% of global electricity by 2040 due to grid stability needs (source: IEA World Energy Outlook, 2022). Transitioning away from peaker plants requires bridging solutions, yet NGOs often reject these outright. For instance, when NextEra Energy proposed replacing Florida peaker plants with solar farms paired with gas turbines (to ensure reliability during cloudy periods), the Center for Biological Diversity accused the utility of “greenwashing fossil fuel dependence.” No alternative plan was put forward, leaving aging peakers operational (source: Tampa Bay Times, 2021). Similarly, in New York, the closure of the Astoria peaker plant was delayed after local NGOs opposed a replacement facility using lower-emission turbines, demanding immediate 100% renewables—a goal the grid couldn’t yet support (source: NYISO Reliability Report, 2022). This absolutism ignores grid realities. Battery storage remains costly and limited in duration, leaving peaker plants as a necessary backstop. By blocking incremental improvements, NGOs ensure dirtier status-quo operations persist. Bitcoin Mining: A Pragmatic Alternative to Gas Peaker Plants in Texas While gas peaker plants have long been the default solution for grid stability during peak demand, Bitcoin mining has emerged as a scalable, cost-effective, and environmentally superior alternative—particularly in Texas. By acting as a flexible demand-side resource, Bitcoin mining has already demonstrated its ability to reduce reliance on peaker plants, even as ideologically driven NGOs and fossil fuel interests continue to oppose it. How Bitcoin Mining Replaces Gas Peaker Plants Gas peaker plants are designed to activate only during periods of extreme electricity demand, typically running fewer than 1,500 hours annually. However, their high costs, methane emissions, and environmental harms make them a poor long-term solution. Bitcoin mining, by contrast, provides grid operators with a unique tool: the ability to rapidly curtail energy consumption during peak demand, stabilizing the grid without the need for additional fossil fuel infrastructure. In Texas, this approach was pioneered by ERCOT CEO Brad Jones following the catastrophic 2021 Winter Storm Uri, which exposed the fragility of relying solely on peaker plants. Jones recognized that Bitcoin miners—unlike traditional industrial loads—could shut down operations within seconds, freeing up gigawatts of power for critical needs during emergencies. This flexibility allowed ERCOT to: Avoid building 3 GW of new gas peaker plants proposed by Berkshire Hathaway Energy, saving Texans an estimated $18 billion in infrastructure costs. Integrate more renewables by providing a “buyer of last resort” for excess solar and wind energy, which incentivizes renewable development. Reduce emissions by displacing peaker plants, which emit 0.4–0.6 tons of CO2 per MWh and leak methane even while idling. Peer-reviewed studies validate this strategy. Bruno et al. (2023) found that Bitcoin mining with demand response eliminated the need for gas peaker plants entirely while reducing annual carbon emissions by 48.67 million metric tons compared to baseline scenarios (Table 1). Rhodes et al. (2024) further concluded that Bitcoin mining’s flexibility enables grids to prioritize renewable energy over fossil fuels, accelerating decarbonization. Texas: A Proof of Concept By 2024, Bitcoin mining operations in Texas had grown to 3 GW of flexible load capacity, participating actively in ERCOT’s demand response programs. This resource proved critical during extreme weather events, such as the July 2023 heatwave, when miners voluntarily powered down to free up 1.2 GW of electricity—equivalent to the output of three large peaker plants. ERCOT has since reported zero blackouts despite record demand, crediting Bitcoin mining as a key factor in grid resilience. Dr Rian Dewhurst, of the Digital Assets Research Institute explains “Bitcoin mining doesn’t just stabilize the grid—it helps build a cleaner one. Grid operators no longer need expensive, polluting peaker plants idling on standby.” Opposition from Fossil Fuel Interests Despite its proven benefits, Bitcoin mining faces fierce opposition from entities invested in gas peaker plants. Berkshire Hathaway Energy, which lobbied aggressively for $18 billion in peaker plant contracts, has funded lobbying efforts to discredit Bitcoin mining through proxies like Lt. Gov. Dan Patrick. Patrick has repeatedly claimed Bitcoin “destabilizes grids,” a narrative debunked by ERCOT and academic research. This backlash underscores Bitcoin mining’s disruptive potential. As Dewhurst noted, “When you have 3 GW of flexible load, the business case for peaker plants evaporates.” Texas’ experience demonstrates that Bitcoin mining is not merely a theoretical alternative to gas peaker plants—it is a proven, scalable solution. By prioritizing grid needs over ideology, ERCOT has shown how collaboration with Bitcoin miners can phase out peaker plants while saving costs, cutting emissions, and accelerating the renewable transition. Toward Pragmatism: A Call for NGO Accountability The climate crisis demands urgency, but dogmatism and poor research stifles progress. To phase out peaker plants, NGOs must: Evaluate Collaborations Objectively Assess whether partnerships with utilities or energy firms yield measurable emissions reductions rather than reflexively crying “greenwash.” Engage with Grid Realities Acknowledge the role of transitional technologies until renewables and storage scale sufficiently. Prioritize Outcomes Over Ideology Recognize that the perfect is the enemy of the good — hybrid systems are better than perpetuating outdated peakers, and Bitcoin mining based solutions are better again, because they can accelerate the phasing out of gas peaker plants without any gas-powered backed to compensate for variable renewable energy intermittency. The perfect cannot be the enemy of the good. By clinging to purity tests, NGOs risk becoming unwitting allies of the very fossil fuel systems they seek to dismantle. It’s time to embrace pragmatism—before another decade of peaker plants locks in avoidable emissions.

content:
Gas peaker plants, which fire up during periods of high electricity demand, are a critical yet environmentally damaging component of many energy grids. These plants emit significant amounts of CO2, nitrogen oxides (NOx), and particulate matter, disproportionately impacting low-income communities near their locations. While there is broad consensus on the need to phase them out, progress has stalled. Surprisingly, a key barrier comes from an unexpected source: ideologically driven environmental NGOs.

![](https://batcoinz.com/wp-content/uploads/2025/01/Screen-Shot-2025-01-29-at-9.43.50-AM-1024x742.png)

Despite advocating for cleaner energy, these groups have often opposed pragmatic solutions to reduce peaker plant reliance. By dismissing collaborations with utilities and energy companies as “greenwashing” outright, and refusing to engage with transitional technologies, they inadvertently prolong the lifespan of these polluting facilities.

### **The Problem with “All or Nothing” Activism**

Many environmental NGOs operate under a rigid ideological framework that rejects any solution involving fossil fuel infrastructure, even if it demonstrably reduces emissions in the short term. This stance has led to the dismissal of viable bridge technologies, such as:

1.  **Retrofitting Peaker Plants with Carbon Capture or Efficiency Upgrades**
    In 2021, Duke Energy proposed retrofitting gas peaker plants in North Carolina with carbon capture systems and hybrid natural gas-battery systems to cut emissions by 50%. However, the Sierra Club and Sunrise Movement labeled the plan a “false climate solution,” arguing it legitimized fossil fuels. The project was shelved, leaving older, higher-emitting peakers in operation (source: _Duke Energy Sustainability Report, 2022_).
2.  **Renewable-Natural Gas Hybrid Projects**
    In California, where peaker plants contribute to poor air quality, startups like Mote Hydrogen sought to convert peakers to run on hydrogen-blended natural gas. While this would reduce NOx emissions by 30%, NGOs like 350.org criticized the effort as a “distraction from true renewables,” despite the lack of large-scale battery storage to replace peakers entirely (source: _California Air Resources Board, 2023_).

These examples highlight a pattern: NGOs frequently attack projects that could meaningfully reduce emissions while offering no scalable alternatives. The result? Utilities default to maintaining outdated peaker plants rather than risk reputational damage from NGO backlash.

* * *

### **Criticism Without Grid-Scale Alternatives**

The International Energy Agency (IEA) estimates that even in net-zero scenarios, natural gas will supply 15% of global electricity by 2040 due to grid stability needs (source: _IEA World Energy Outlook, 2022_). Transitioning away from peaker plants requires bridging solutions, yet NGOs often reject these outright.

For instance, when NextEra Energy proposed replacing Florida peaker plants with solar farms paired with gas turbines (to ensure reliability during cloudy periods), the Center for Biological Diversity accused the utility of “greenwashing fossil fuel dependence.” No alternative plan was put forward, leaving aging peakers operational (source: _Tampa Bay Times, 2021_). Similarly, in New York, the closure of the Astoria peaker plant was delayed after local NGOs opposed a replacement facility using lower-emission turbines, demanding immediate 100% renewables—a goal the grid couldn’t yet support (source: _NYISO Reliability Report, 2022_).

This absolutism ignores grid realities. Battery storage remains costly and limited in duration, leaving peaker plants as a necessary backstop. By blocking incremental improvements, NGOs ensure dirtier status-quo operations persist.

### **Bitcoin Mining: A Pragmatic Alternative to Gas Peaker Plants in Texas**

While gas peaker plants have long been the default solution for grid stability during peak demand, Bitcoin mining has emerged as a scalable, cost-effective, and environmentally superior alternative—particularly in Texas. By acting as a flexible demand-side resource, Bitcoin mining has already demonstrated its ability to reduce reliance on peaker plants, even as ideologically driven NGOs and fossil fuel interests continue to oppose it.

![](https://batcoinz.com/wp-content/uploads/2025/01/Screen-Shot-2025-01-29-at-9.44.29-AM-1024x612.png)

#### **How Bitcoin Mining Replaces Gas Peaker Plants**

Gas peaker plants are designed to activate only during periods of extreme electricity demand, typically running fewer than 1,500 hours annually. However, their high costs, methane emissions, and environmental harms make them a poor long-term solution. Bitcoin mining, by contrast, provides grid operators with a unique tool: the ability to rapidly curtail energy consumption during peak demand, stabilizing the grid without the need for additional fossil fuel infrastructure.

In Texas, this approach was pioneered by ERCOT CEO Brad Jones following the catastrophic 2021 Winter Storm Uri, which exposed the fragility of relying solely on peaker plants. Jones recognized that Bitcoin miners—unlike traditional industrial loads—could shut down operations within seconds, freeing up gigawatts of power for critical needs during emergencies. This flexibility allowed ERCOT to:

*   **Avoid building 3 GW of new gas peaker plants** proposed by Berkshire Hathaway Energy, saving Texans an estimated [$18 billion in infrastructure costs](https://www.da-ri.org/articles/how-bitcoin-mining-saved-texans-18-billion).
*   **Integrate more renewables** by providing a “buyer of last resort” for excess solar and wind energy, which incentivizes renewable development.
*   **Reduce emissions** by displacing peaker plants, which emit 0.4–0.6 tons of CO2 per MWh and leak methane even while idling.

Peer-reviewed studies validate this strategy. [Bruno et al](https://www.sciencedirect.com/science/article/pii/S0928765523000313?via%3Dihub). (2023) found that Bitcoin mining with demand response eliminated the need for gas peaker plants entirely while reducing annual carbon emissions by 48.67 million metric tons compared to baseline scenarios (Table 1). [Rhodes et al](https://lancium.com/wp-content/uploads/2022/06/Lancium_Flexible_Data_Center_Whitepaper_4.2022.pdf). (2024) further concluded that Bitcoin mining’s flexibility enables grids to prioritize renewable energy over fossil fuels, accelerating decarbonization.

#### **Texas: A Proof of Concept**

By 2024, Bitcoin mining operations in Texas had grown to 3 GW of flexible load capacity, participating actively in ERCOT’s demand response programs. This resource proved critical during extreme weather events, such as the July 2023 heatwave, when miners voluntarily powered down to free up 1.2 GW of electricity—equivalent to the output of three large peaker plants. ERCOT has since reported zero blackouts despite record demand, crediting Bitcoin mining as a key factor in grid resilience.

Dr Rian Dewhurst, of the [Digital Assets Research Institute](https://www.da-ri.org/) explains “Bitcoin mining doesn’t just stabilize the grid—it helps build a cleaner one. Grid operators no longer need expensive, polluting peaker plants idling on standby.”

#### **Opposition from Fossil Fuel Interests**

Despite its proven benefits, Bitcoin mining faces fierce opposition from entities invested in gas peaker plants. Berkshire Hathaway Energy, which lobbied aggressively for $18 billion in peaker plant contracts, has [funded lobbying efforts to discredit Bitcoin mining](https://www.da-ri.org/articles/how-bitcoin-mining-saved-texans-18-billion) through proxies like Lt. Gov. Dan Patrick. Patrick has repeatedly claimed Bitcoin “destabilizes grids,” a narrative debunked by ERCOT and academic research.

This backlash underscores Bitcoin mining’s disruptive potential. As Dewhurst noted, “When you have 3 GW of flexible load, the business case for peaker plants evaporates.”

Texas’ experience demonstrates that Bitcoin mining is not merely a theoretical alternative to gas peaker plants—it is a proven, scalable solution. By prioritizing grid needs over ideology, ERCOT has shown how collaboration with Bitcoin miners can phase out peaker plants while saving costs, cutting emissions, and accelerating the renewable transition.

### **Toward Pragmatism: A Call for NGO Accountability**

The climate crisis demands urgency, but dogmatism and poor research stifles progress. To phase out peaker plants, NGOs must:

1.  **Evaluate Collaborations Objectively**
    Assess whether partnerships with utilities or energy firms yield measurable emissions reductions rather than reflexively crying “greenwash.”
2.  **Engage with Grid Realities**
    Acknowledge the role of transitional technologies until renewables and storage scale sufficiently.
3.  **Prioritize Outcomes Over Ideology**
    Recognize that the perfect is the enemy of the good — hybrid systems are better than perpetuating outdated peakers, and Bitcoin mining based solutions are better again, because they can accelerate the phasing out of gas peaker plants without any gas-powered backed to compensate for variable renewable energy intermittency.

The perfect cannot be the enemy of the good. By clinging to purity tests, NGOs risk becoming unwitting allies of the very fossil fuel systems they seek to dismantle. It’s time to embrace pragmatism—before another decade of peaker plants locks in avoidable emissions.


tags: Rebuttal: Earthjustice report on Bitcoin Mining, Feb 2025

tags: Original report: https://earthjustice.org/experts/mandy-deroche/how-much-do-we-subsidize-cryptocurrency-minings-electricity-use-no-one-knows This post argues that Earthjustice’s latest report on Bitcoin mining is significantly disconnected from both the scientific consensus and real-world evidence. By failing to engage with the latest research and developments, Earthjustice risks undermining efforts to leverage Bitcoin mining as a tool that benefits the environmental across a range of metrics. This rebuttal examines the inaccuracies in their report and highlights the growing body of evidence supporting Bitcoin mining’s environmental benefits. For context: in recent times, Bitcoin has emerged as arguably the most important form of climatetech in enabling not one but four critical areas of climate justice. A large volume of peer reviewed research now confirms what Bitcoin mining companies, grid operators, energy experts, and the Bitcoin mining industry have been saying for some time: Bitcoin mining is essential to progress on these four critical areas 1. Remove bottlenecks to getting more renewable energy onto the grid 2. Replace Fossil fuel based heat with electrically based heat 3. Increase the speed and profitability of R&D into new renewable energy projects 4. Urgently end three carbon-intensive practices (gas peaker plant proliferation, natural gas flaring, venting of landfill gas) source These are no longer theoretical benefits, as they were when Earthjustice first started reporting on Bitcoin mining: Finland is now supplying 2% of all district heat through recycled Bitcoin mining heat, replacing fossil fuel-dependent sources such as the burning of coal and peat. 29 Bitcoin mining operations use carbon negative sources such as flared gas or landfill gas for power. OTEC, a forgotten form of renewable energy has had a new lease of life. Finally, since Bitcoin mining moved onto the Texas grid, blackouts have been prevented, $18Billion of new gas peaker plant costs were averted, inflation adjusted electricity prices were kept stable (a rare phenomenon for jurisdictions with rapidly increasing renewable penetration), while solar/wind rose from 80 GW to 130 GW of generation capacity. source Heat recycled from Bitcoin mining rigs running on Finland’s 92% fossil-free grid is increasingly replacing 54.6% fossil-fuel dependent existing district heating sources in Finland The world has changed, leaving Earthjustice behind Earthjustice published their first anti-Bitcoin report in 2022. Since then, the world of Bitcoin mining has fundamentally changed in five major ways: 1. Scientific community puts its weight behind Bitcoin mining’s environmental benefits Bitcoin mining has been shown to accelerate the renewable energy transition (Lal et al, 2023) obviate the need for gas peaker plants (Bruno et al, 2023) stabilize the grid (Rudd et al, 2023) halve the payback time for solar farms (Hakimi et al, 2024) accelerate renewable microgrid development (Moghimi et al 2024) reduce methane emissions from landfills (Sechrest et al, 2024) avert the need for expensive grid upgrades (Norris et al, 2025) with 14 out of the last 16 peer reviewed papers on Bitcoin and energy (87.5%) showing clear positive environmental externalities. 2. Sustainability media gets behind Bitcoin mining’s environmental benefits Of the ten climate-focused media that are commenting on Bitcoin mining and energy, nine of them found strong environmental benefits (90%). 3. 180° turnaround in mainstream media reporting on Bitcoin mining Of the 14 media outlets still covering Bitcoin and energy, 12 are covering Bitcoin’s environmental benefits (85.7%) 4. Bitcoin’s sustainable energy proportion has increased from 49.1% to 56.7% source: Digital Assets Research Institute 5. Source findings of Earthjustice’s 2022 report debunked The work of Alex de Vries and authors who relied on his findings, which formed the basis of Earthjustice’s 2022 findings, has been discredited due to fundamental flaws in both data-gathering techniques and methodology. source: Sai & Vranken, 2023 Earthjustice has responded by spreading even more misinformation Earthjuistice has not revisited their 2022 position on Bitcoin mining. Rather, their approach mirrors tactics that disregard scientific consensus, which is concerning given the volume of peer-reviewed research supporting Bitcoin mining’s environmental benefits. They have either ignored the scientific consensus, or dismissed the entire body of research as being the work of “vest interest groups” But not only has Earthjustice ignored the undisputed evidence of Bitcoin mining’s environmental benefits, they have put out more misinformation. The misinformation in Earthjustice’s 2025 report falls into three categories The very widely debunked claim that Bitcoin mining destabilizes grids The more recently debunked claim that Bitcoin mining increases power prices The more recently debunked claim that Bitcoin mining does not offer community benefits Let’s address each in turn. 1. Bitcoin and grid stability This claim demonstrates considerable ignorance about the large body of evidence showing that Bitcoin mining stabilizes grids. The claim also reveals a severe lack of awareness about what Earthjustice’s peers in the environmental movement have been writing in climate media for some time. The key point is: Bitcoin does not destabilize grids. In fact, a mountain of peer-reviewed and real-world evidence shows that Bitcoin mining stabilizes grids, enabling grid operators to integrate higher concentrations of variable renewable energy. For example: Lai et al states that Bitcoin mining can “balance the electrical grid”. source Ibañez et al concludes “PoW mining emerges as an alternative that can provide additional income and ancillary services (auxiliary services designed to provide stability to the energy grid)”. source Menati et al found that “the flexibility of cryptocurrency mining loads plays a pivotal role in the reliability of electricity systems and the stability of electricity markets” and “cryptocurrency mining …is shown not to be detrimental to power grid reliability even with significant amounts at certain locations.” source A whitepaper from Energy Experts at Duke University concluded that Controllable Load Resources (aka: Bitcoin mining) help to stabilize grids, and decarbonize grids. source These findings correspond precisely to Texas’ grid operators own direct observations. “[Bitcoin mining operations] have found a way to come into the market and take some of that excess wind in offpeak periods. Then it can turn down whenever we need the power for other customers… And if a generator trips off line can very quickly respond to that frequency disruption and allow us to balance our grid more efficiently.” source: Brad Jones, Former Interim CEO, ERCOT. The early misinformation that bitcoin destabilizes grids is rarely recycled any more, with both mainstream and sustainability-focsed journalists increasingly reporting on how Bitcoin mining in fact has a stabilizing impact on Grids. 2. Bitcoin and electricity prices The Earthjustice report shows an eye-opening level of naivety about the relationship between Bitcoin mining electricity prices and the cost that other users pay for electricity, the argument basically runs like this “We found out that Bitcoin miners pay a low cost for electricity, so we postulate that this means other users are subsidizing them.” To anyone with a basic understanding of wholesale electricity markets, this demonstrates the risks of non-domain experts commenting outside their area of expertise. Not only is there no evidence, either real-world or in the academic literature for this claim, but there is a significant body of evidence to the contrary. For example, Brad Jones, Former CEO of Texas’ grid ERCOT observed that by creating a more competitive market for ancillary services and by finding a home for otherwise wasted wind energy, Bitcoin was “helping keep the cost of electricity low for all Texans” In September 2024, Norwegian residents realized that Bitcoin mining had for years been keeping their power prices 20% lower. After the Bitcoin mining operation left the grid, their prices instantly increased to meet the revenue shortfall. As for the claim “There are other types of Demand Response. We don’t need Bitcoin” As energy expert Tom Algie puts it “Turning off and providing demand response isn’t straightforward. Compensation for traditional DR assets; steel works, aluminium smelters etc, is astronomical. Bitcoin mining revenue is on par with electricity prices, so we don’t need much additional incentive to turn off. This coupled with the ability to be located anywhere, the Bitcoin mining load is one of the most cost effective ways to provide DR, FCAS and System Strength services. It also incentivises overbuild of renewables. Bitcoin miners are also building plenty of energy assets globally.” Further, Inflation-adjusted figures show no statistically significant rise or fall in either electricity or gas prices since Bitcoin mining came onto the ERCOT grid in Texas, giving support for ERCOT CEO Brad Jones’ observation that Bitcoin mining in fact “Helped keep the price of power low for all Texans.” The claim therefore seems to be a false attribution of the impact of high inflation from 2021-2023, to Bitcoin mining. There are now not one but five ways that Bitcoin mining has been shown to keep residential power prices low Creating a more competitive market for Demand Response services (Mitch Klee) Providing more revenue to the grid operators, thereby decreasing the cost burden to other users (Dan Roberts) Reducing costly curtailment payouts to VRE generators (MARA) Helping grid operators to delay the need for cost-prohibitive grid upgrades (Norris et al) Obviating the need for multi-billion dollar Gas peaker plant investment (Rian Dewhurst) Earthjustice’s habit of indulging in domain-naive speculative inference over consulting the existing large body of literature on Bitcoin mining should be viewed as a red flag to environmentalists, policymakers, regulators and others in the climate industry. All should give Earthjustice’s articles on Bitcoin mining a wide berth until there is a substantial improvement in their awareness of both the domain, and the prior body of literature germane to the subject they are addressing. 3. Bitcoin and community benefits While Earthjustice claims that Bitcoin mining fails to deliver significant community benefits, evidence from the Perryman Group and testimonials from local officials like Mayor Ward Roddam of Rockdale, Texas, demonstrate the opposite. Perryman’s report found that in the US alone, Bitcoin mining has created 31,000 jobs brought $4.1 billion in annual U.S. gross product helped stabilize the grid while offering a range of other direct community benefits Community benefits were found to be significant, and included strengthening local public services boosting school funding improving community well-being expanding career opportunities in high-tech fields Improving community infrastructure In Rockdale, one of the major Bitcoin mining hubs in Texas, the mayor confirmed these benefits were being observed: “Bitcoin miners are deeply invested in the communities where they work. [They] are among the largest taxpayers in … our local school district. These companies donate to local causes, including scholarships, police and fire departments, youth sports and … community events.” ~ Ward Roddam. Mayor, Rockdale Conclusion In this paper, two lawyers from Earthjustice have advanced the implausible theory that they know more about community impacts of Bitcoin mining than the residents and mayor of the town of Rockdale benefitted, more about the grid stabilization impacts of Bitcoin than five separate teams of energy experts who published peer reviewed research on this subject, and more about the impact of Bitcoin on cost to other grid users than the Grid operator himself. They have ignored the scientific consensus, the environmental consensus and even the media reporting in the liberal media on Bitcoin mining. While the Earthjustice report of 2022 was arguably forgivable, as none of these five shifts had occurred in our understanding of Bitcoin mining, to write such a report in 2025 reflects a lack of engagement with recent research and real-world evidence, which calls into question its credibility on this issue. But Earthjustice’s report is not just misguided, its irresponsible. As a climatetech investor, I am continually looking for landfill operators where bitcoin mining operations can be set up, because bitcoin mining is usually the only way to profitably mitigate landfill gas methane (a horrendous greenhouse gas). We face considerable pushback on an almost daily basis because landfill owners have read factually incorrect accounts of bitcoin mining’s environmental impact. Such uncritical appraisals slow down our efforts to mitigate methane. I also travel around the world encouraging renewable operators to use bitcoin mining for their otherwise wasted renewable energy, so that they can become more profitable, and pour that profit back into expanding their renewable operation faster. Unfortunately, my efforts to do this are severely compromised by the misinformation they have heard about Bitcoin mining that was circulated widely by Alex de Vries from 2018-2022, and which unfortunately you are still recirculating, and which despite your good intentions actually slow down the efforts of those seeking pragmatic solutions to advancing the green energy transition. By promoting misinformation, Earthjustice risks delaying the adoption of innovative solutions like Bitcoin mining, which have been shown to accelerate the transition to renewable energy and reduce greenhouse gas emissions. Specifically, they risk delaying the point at which we will be able to phase out gas peaker plants, while increasing the chances that retail users of electricity will have to pay a premium for their power. It is important that anyone who chances upon Earthjustice’s report should know that they are an outlier in the environmental movement in that they are still publishing misinformation on Bitcoin mining in 2025. We urge Earthjustice to revisit its stance on Bitcoin mining in light of the latest scientific research and real-world evidence. By doing so, they can align their advocacy with the most effective strategies for achieving climate justice.

content:
Original report: [https://earthjustice.org/experts/mandy-deroche/how-much-do-we-subsidize-cryptocurrency-minings-electricity-use-no-one-knows](https://earthjustice.org/experts/mandy-deroche/how-much-do-we-subsidize-cryptocurrency-minings-electricity-use-no-one-knows)

This post argues that Earthjustice’s latest report on Bitcoin mining is significantly disconnected from both the scientific consensus and real-world evidence. By failing to engage with the latest research and developments, Earthjustice risks undermining efforts to leverage Bitcoin mining as a tool that benefits the environmental across a range of metrics. This rebuttal examines the inaccuracies in their report and highlights the growing body of evidence supporting Bitcoin mining’s environmental benefits.

For context: in recent times, Bitcoin has emerged as arguably the most important form of climatetech in enabling not one but four critical areas of climate justice. A large volume of peer reviewed research now confirms what Bitcoin mining companies, grid operators, energy experts, and the Bitcoin mining industry have been saying for some time: Bitcoin mining is essential to progress on these four critical areas

**1\. Remove bottlenecks to getting more renewable energy onto the grid**

**2\. Replace Fossil fuel based heat with electrically based heat**

**3\. Increase the speed and profitability of R&D into new renewable energy projects**

**4\. Urgently end three carbon-intensive practices** (gas peaker plant proliferation, natural gas flaring, venting of landfill gas)

[source](https://batcoinz.com/why-climate-action-doesnt-just-benefit-from-bitcoin-mining-it-requires-it/)

These are no longer theoretical benefits, as they were when Earthjustice first started reporting on Bitcoin mining:

Finland is now supplying [2% of all district heat](https://x.com/DSBatten/status/1872740512555315559) through recycled Bitcoin mining heat, replacing fossil fuel-dependent sources such as the burning of coal and peat. 29 Bitcoin mining operations use carbon negative sources such as flared gas or landfill gas for power. OTEC, a forgotten form of renewable energy has had a new lease of life. Finally, since Bitcoin mining moved onto the Texas grid, blackouts have been prevented, $18Billion of new gas peaker plant costs were averted, inflation adjusted electricity prices were kept stable (a rare phenomenon for jurisdictions with rapidly increasing renewable penetration), while solar/wind rose from 80 GW to 130 GW of generation capacity.

[source](https://batcoinz.com/why-climate-action-doesnt-just-benefit-from-bitcoin-mining-it-requires-it/)

![](https://batcoinz.com/wp-content/uploads/2025/02/Screen-Shot-2025-02-23-at-8.56.17-PM-1024x726.png)

Heat recycled from Bitcoin mining rigs running on [Finland’s 92% fossil-free grid](https://www.treasuryfinland.fi/investor-relations/sustainability-and-finnish-government-bonds/data-and-facts-energy-transition/#:~:text=Finland's%20energy%20mix%20is%20well,second%20highest%20in%20the%20EU.) is increasingly
replacing [54.6% fossil-fuel dependent](https://www.statista.com/statistics/660023/finland-type-of-fuels-used-for-district-heating/) existing district heating sources in Finland

The world has changed, leaving Earthjustice behind
--------------------------------------------------

Earthjustice published their first anti-Bitcoin report in 2022. Since then, the world of Bitcoin mining has fundamentally changed in five major ways:

**1\. Scientific community puts its weight behind Bitcoin mining’s environmental benefits**

Bitcoin mining has been shown to

*   accelerate the renewable energy transition ([Lal et al](https://pubs.acs.org/doi/10.1021/acssuschemeng.3c05445), 2023)
*   obviate the need for gas peaker plants ([Bruno et al](https://www.sciencedirect.com/science/article/pii/S0928765523000313), 2023)
*   stabilize the grid ([Rudd et al](https://www.mdpi.com/2078-1547/14/4/47), 2023)
*   halve the payback time for solar farms ([Hakimi et al](https://www.cell.com/heliyon/fulltext/S2405-8440\(24\)15796-9), 2024)
*   accelerate renewable microgrid development ([Moghimi et al](https://www.sciencedirect.com/science/article/pii/S0142061524001364) 2024)
*   reduce methane emissions from landfills ([Sechrest et al](https://www.sciencedirect.com/science/article/pii/S0959652624029652?via%3Dihub), 2024)
*   avert the need for expensive [grid upgrades](https://www.linkedin.com/posts/danielsbatten_waited-34-months-for-this-moment-in-march-activity-7296373253453819905-Y2SK?utm_source=share&utm_medium=member_desktop&rcm=ACoAAAAOueQB3LYz-BPTBFwVPl9wJVYdGJiKUow) ([Norris et al](https://nicholasinstitute.duke.edu/sites/default/files/publications/rethinking-load-growth.pdf), 2025)

with [14 out of the last 16](https://www.linkedin.com/posts/danielsbatten_from-mining-to-mitigation-how-bitcoin-can-activity-7280429495679963136-2E-q?utm_source=share&utm_medium=member_desktop&rcm=ACoAAAAOueQB3LYz-BPTBFwVPl9wJVYdGJiKUow) peer reviewed papers on Bitcoin and energy (87.5%) showing clear positive environmental externalities.

**2\. Sustainability media gets behind Bitcoin mining’s environmental benefits**

Of the ten climate-focused media that are commenting on Bitcoin mining and energy, [nine of them](https://www.linkedin.com/posts/danielsbatten_bitcoin-miner-mara-buying-114-mw-wind-farm-activity-7280432749180559360-AaWO/) found strong environmental benefits (90%).

**3\. 180° turnaround in mainstream media reporting on Bitcoin mining**

Of the 14 media outlets still covering Bitcoin and energy, [12 are covering](https://www.linkedin.com/posts/danielsbatten_why-bitcoin-is-key-to-the-future-of-finance-activity-7278907968035700737-9IwO?utm_source=share&utm_medium=member_desktop&rcm=ACoAAAAOueQB3LYz-BPTBFwVPl9wJVYdGJiKUow) Bitcoin’s environmental benefits (85.7%)

**4\. Bitcoin’s sustainable energy proportion has increased from 49.1% to 56.7%**

source: D[igital Assets Research Institute](https://woocharts.com/esg-bitcoin-mining-sustainability/)

![](https://batcoinz.com/wp-content/uploads/2025/02/Screen-Shot-2025-02-23-at-4.14.23-PM-1024x638.png)

**5\. Source findings of Earthjustice’s 2022 report debunked**

The work of Alex de Vries and authors who relied on his findings, which formed the basis of Earthjustice’s 2022 findings, has been discredited due to fundamental flaws in both data-gathering techniques and methodology.

source: [Sai & Vranken](https://www.sciencedirect.com/science/article/pii/S2096720923000441?via%3Dihub), 2023

Earthjustice has responded by spreading even more misinformation
----------------------------------------------------------------

Earthjuistice has not revisited their 2022 position on Bitcoin mining. Rather, their approach mirrors tactics that disregard scientific consensus, which is concerning given the volume of peer-reviewed research supporting Bitcoin mining’s environmental benefits. They have either ignored the scientific consensus, or dismissed the entire body of research as being the work of “vest interest groups”

But not only has Earthjustice ignored the undisputed evidence of Bitcoin mining’s environmental benefits, they have put out more misinformation.

The misinformation in Earthjustice’s 2025 report falls into three categories

1.  The very widely debunked claim that Bitcoin mining destabilizes grids
2.  The more recently debunked claim that Bitcoin mining increases power prices
3.  The more recently debunked claim that Bitcoin mining does not offer community benefits

Let’s address each in turn.

### 1\. Bitcoin and grid stability

This claim demonstrates considerable ignorance about the large body of evidence showing that Bitcoin mining stabilizes grids. The claim also reveals a severe lack of awareness about what Earthjustice’s peers in the environmental movement have been writing in climate media for some time.

The key point is: Bitcoin does not destabilize grids. In fact, a mountain of peer-reviewed and real-world evidence shows that Bitcoin mining stabilizes grids, enabling grid operators to integrate higher concentrations of variable renewable energy.

For example:

1.  [Lai et al](https://pubs.acs.org/doi/10.1021/acssuschemeng.3c05445) states that Bitcoin mining can “balance the electrical grid”. [source](https://pubs.acs.org/doi/10.1021/acssuschemeng.3c05445)
2.  [Ibañez et al](https://www.mdpi.com/2078-1547/14/3/35) concludes “PoW mining emerges as an alternative that can provide additional income and ancillary services (auxiliary services designed to provide stability to the energy grid)”. [source](https://www.mdpi.com/2078-1547/14/3/35)
3.  [Menati et al](https://www.sciencedirect.com/science/article/pii/S266679242300015X) found that “the flexibility of cryptocurrency mining loads plays a pivotal role in the reliability of electricity systems and the stability of electricity markets” and “cryptocurrency mining …is shown not to be detrimental to power grid reliability even with significant amounts at certain locations.” [source](https://www.sciencedirect.com/science/article/pii/S266679242300015X)
4.  A whitepaper from Energy Experts at Duke University concluded that Controllable Load Resources (aka: Bitcoin mining) help to [stabilize grids](https://www.linkedin.com/posts/danielsbatten_waited-34-months-for-this-moment-in-march-activity-7296373253453819905-Y2SK?utm_source=share&utm_medium=member_desktop&rcm=ACoAAAAOueQB3LYz-BPTBFwVPl9wJVYdGJiKUow), and decarbonize grids. [source](https://nicholasinstitute.duke.edu/sites/default/files/publications/rethinking-load-growth.pdf)
5.  These findings correspond precisely to Texas’ grid operators own direct observations.

###### **“\[Bitcoin mining operations\] have found a way to come into the market and take some of that excess wind in offpeak periods. Then it can turn down whenever we need the power for other customers… And if a generator trips off line can very quickly respond to that frequency disruption and allow us to balance our grid mor


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