Bitcoin consumes approximately 173 TWh annually — roughly 0.5% of global electricity. The figure is significant. It's also frequently miscontextualised.
The Energy Mix Reality
The economics of mining push operators toward the cheapest available power — and increasingly, the cheapest power is renewable or low-carbon. This is not environmental marketing. It is rational cost optimisation producing a sustainability dividend.
Coinfast's Energy Sources
- Paraguay: 100% hydroelectric. One of the cleanest large-scale mining operations globally. View Paraguay facility.
- Russia hydro-cooled: Hydro power for generation and cooling.
- Russia natural gas: 50–60% fewer CO₂ emissions per kWh than coal. Increasingly from associated gas that would otherwise be flared.
- Xinjiang and UAE: Grid power with improving renewable penetration.
The Business Case for Clean Power
Institutional investors apply ESG criteria to mining counterparties. Operations with credible low-carbon strategies access better capital, better insurance, and a more defensible public narrative. Coinfast has systematically prioritised hydro and natural gas facilities precisely for this reason.
Learn more about our global facilities and power sources or our natural gas operations.