Bitcoin mining energy use in Canada doubled post-April halving, consuming 4,048 GWh and spending $424.2M on electricity.
Bitcoin mining energy use in Canada has doubled since the halving event in April, with an estimated 4,048 GWh consumed and $424.2M spent on electricity. With Canada's 6.48% share of global Bitcoin production, it's the world's fourth-largest Bitcoin mining hub, following the US, China, and Kazakhstan. This energy consumption could power 363,566 households for a year or charge every EV in Canada 160.42 times.
July 06, 2024
3 Articles