According to Bloomberg analyst Jamie Coutts, the Bitcoin mining industry has managed to keep its carbon footprint low despite the network's expansion, which is a rare achievement. This could attract institutional investment as the sustainable energy mix for Bitcoin has continued to rise and is now over 50%. The incentive to acquire the cheapest energy sources is contributing to the network's rising hash rate while simultaneously reducing the industry's emissions or carbon intensity.

The evolving relationship between Bitcoin network growth and the global push to transition from fossil fuels could also play a pivotal role in the transition away from fossil fuels. However, there is debate over the percentage of sustainable energy used in Bitcoin mining, with Cambridge University's model stating that mining from sustainable energy sources is just 37.6%, while climate technology venture investor and activist Daniel Batten argues that it is above 50%.