Redefining the Value of Bitcoin as an 'Energy Currency' in the Industry

On the 28th, Simon Kim, CEO of the cryptocurrency investment firm Hashed, posted an analysis on X (formerly Twitter) titled 'Monetizing Energy: Redefining the Role of Bitcoin in the AI Era.' In his post, Kim argues that Bitcoin mining, long criticized as a wasteful use of energy, actually plays a crucial role in the energy infrastructure of the AI era, supporting his claim with data and examples. He cites the use of surplus electricity from hydropower in Sichuan Province, China, and geothermal energy in Iceland, which are not connected to the power grid, for Bitcoin mining...