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World Economic Forum Recognizes Bitcoin Mining’s Economic and Environmental Benefits

The World Economic Forum (WEF) has shifted its stance on Bitcoin mining, recognizing the economic and environmental benefits of the industry. In a recent video, the WEF highlighted how companies like Crusoe Energy are using excess natural gas from energy operations to power data centers and crypto mining operations. This helps mitigate waste and emissions that impact the environment while providing ultra-low-cost computing infrastructure. The crypto community has reacted positively to the WEF's shift in stance, noting that mining companies have switched to renewable sources of energy, making the process more sustainable. However, Bitcoin's price has been declining due to decreased trading volume amid selloffs and Friday's expiry.

(By Varinder Singh)

Bitcoin Bitcoin $96,094.91
-0.92%
bitcoin mining
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