Cambridge Preview Pairs Cleaner Bitcoin Mining Mix With Higher Emissions

By Isaac • July 26, 2026 10:28 am •

Bitcoin mining’s reported power mix became cleaner while its estimated appetite for electricity climbed sharply, leaving annualized emissions higher despite a larger low-carbon share. That tension is the central finding in preliminary Cambridge data presented in Dallas.

The figures were presented by Alexander Neumueller of the Cambridge Centre for Alternative Finance at the Energy Investors Forum on July 23, 2026. They are preliminary annualized estimates, and the full next edition of the Cambridge Digital Mining Industry Report is expected later in 2026.

At the December 2025 measurement point, annualized electricity consumption was estimated at about 190 TWh, 38% above the 138 TWh estimate from June 2024. Annualized means a run rate at that date, not exactly