Overview
- U.S. Sens. Richard Blumenthal and Josh Hawley introduced a bill to prevent data centers from raising consumer electricity costs, with no explicit mention of crypto.
- Paradigm, an investor in miner Genesis Digital Assets, cites data showing bitcoin uses about 0.23% of global energy and 0.08% of global carbon.
- The report argues miners seek very low-cost power, often tap off‑peak renewables, and can curtail usage to support grid stability.
- Paradigm recommends incentives for miners that use otherwise wasted energy or participate in state-led grid programs.
- Regulatory pressure includes a November letter to FERC from Democratic senators, New York proposals for a data-center moratorium, and British Columbia’s halt on new mining grid connections.