Guide: Energy For Bitcoin Mining In NA



In his introduction to Michael Saylor’s recent conference “Bitcoin For Corporations,” Ross Stevens, founder and CEO of Stone Ridge and NYDIG, spoke about the importance of energy to bitcoin, and how bitcoin mining will create new economic hubs in areas where stranded energy exists.

Until now, human settlements have been located near transportation hubs, he noted, not energy hubs. But the need for cheap, abundant energy like hydropower makes bitcoin mining a natural pioneer in those areas where industries like forestry and pulp and paper have exhausted resources and moved on, leaving energy infrastructure behind.