Among the most frequently mentioned criticisms of bitcoin mining is that it is an energy-intensive industry with potentially negative environmental implications.
In this day and age of investing, poor sustainability can chase market participants away, but bitcoin miners aren’t necessarily the environmental nuisance they’re perceived to be. In fact, many are increasing their use of sustainable energy.
That could be a positive for exchange traded funds such as the VanEck Digital Assets Mining ETF (DAM). DAM, which tracks the MVIS Global Digital Assets Mining Index, holds 25 stocks, and some of those companies are making inroads when it comes to renewable energy consumption.
“It is estimated that the global bitcoin mining industry’s sustainable electricity mix is now 59.5% or had increased approximately 6% year-on-year, from Q2 2021 to Q2 2022, making it one of…
Bitcoin Miners Boost Consumption of Clean Energy
