Cambridge research: Bitcoin mining electricity demand climbs to 190 TWh a year; low-carbon share rises to 59.4%
AI Market Summary
A Cambridge CCAF study indicates Bitcoin mining's annualized electricity use rose from 138 TWh to 190 TWh, with associated emissions increasing to 48 MtCO2e, while low-carbon energy share improved to 59.4% and hydropower became the largest source. The data may influence near-term regulatory and ESG narratives around mining, while highlighting ongoing network energy intensity despite a cleaner energy mix.
Impact level
● Medium
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BTC/USDT+1.22%
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● Neutral
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Bitcoin mining's annualized power consumption climbed from 138 TWh to 190 TWh between June 2024 and December 2025, according to TheEnergyMag, citing Alexander Neumueller, Head of Research at the Cambridge Centre for Alternative Finance (CCAF). Over the same period, estimated greenhouse-gas emissions increased from 40 million to 48 million metric tons of CO2 equivalent. The share of low-carbon energy in the mining mix rose from 52.4% to 59.4%, with hydropower becoming the largest single energy source.
