Claim BonusWorld Economic Forum Recognizes Bitcoin Mining’s Economic and Environmental Benefits
The World Economic Forum (WEF) turns into an advocate for Bitcoin mining, recognizing the economic and environmental benefits of Bitcoin mining. The WEF started supporting some aspects of the crypto market and mining in recent times after criticizing crypto for its high energy consumption.
In a recent video by the World Economic Forum, the organization shared how some crypto miners such as Crusoe Energy can help oil and gas companies mitigate waste and emissions that impact the environment.
In the video, Crusoe Energy CEO Chase Lochmiller explains how the company uses excess natural gas from energy operations to power data centers and crypto mining operations. Crusoe uses the Digital Flare Mitigation technology to eliminate natural gas flaring from oil fields and landfills.
“By doing that, not only do we create a massive emission reduction from this previously wasted source of energy, but we can also product ultra-low-cost computing infrastructure by harnessing this otherwise stranded form of energy.”
Crusoe can relocate their data centers to the location of waste sources of energy and use waste methane streams to power the centers. It helps reduce the environmental impact of methane emissions and makes computing more energy efficient.
Crypto Community Reacts to World Economic Forum Video on Bitcoin Mining
While the crypto community appreciates the WEF’s outlook on the economic and environmental benefits of Bitcoin mining, the video mentions crypto miners as data centers.
MicroStrategy’s executive chairman Michael Saylor noted that the World Economic Forum is recognizing the environmental benefits of Bitcoin mining.
The community asserts crypto mining and bitcoin mining is more energy efficient now as mining companies have switched to renewable sources of energy, making the process for sustainable.
Bitcoin price is currently trading at $27,661, down 1% in the past 24 hours and 8% in a week. The decreased trading volume amid selloffs and Friday’s expiry caused a decline in interest among traders.
Also Read: Bitcoin (BTC) Price: Here’s a Key Network Stat That Shows Good Health
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Delivered every day.
- Insights that move markets
- 100,000 active subscribers
Related Articles
- Is the Crypto Sell-Off Just Starting? Raoul Pal Flags US Liquidity Crisis From Govt. Shutdown
- Best Crypto-Friendly Banks & Neobanks in 2026 (Global List)
- Michael Saylor’s Strategy Faces $900M Unrealized Loss as Bitcoin Hovers Near $75K
- Trump’s World Liberty Financial Under Fire as Warren Seeks Probe of UAE Crypto Deal
- Bitcoin Extends Fall, Peter Brandt Lowers His BTC Price Crash Target
- XRP and BTC Price Prediction if Michael Saylor Dumps Bitcoin Following Crypto Market Crash
- Here’s Why MSTR Stock Price Could Explode in February 2026
- Bitcoin and XRP Price Prediction After U.S. Government Shuts Down
- Ethereum Price Prediction As Vitalik Withdraws ETH Worth $44M- Is a Crash to $2k ahead?
- Bitcoin Price Prediction as Trump Names Kevin Warsh as new Fed Reserve Chair
- XRP Price Outlook Ahead of Possible Government Shutdown
