Last updated: 21 July 2026
Despite Bitcoin
Key Highlights
- Bitcoin’s renewable energy mix has reached 52.6% according to the Cambridge Bitcoin Electricity Consumption Index 2026 data.
- Iceland’s geothermal power plants supply over 90% of the country’s energy, making it an attractive location for green bitcoin mining.
- El Salvador’s La Geo geothermal plant provides enough power to support 1.2 exahash of bitcoin mining, up 30% from 2024 levels.
- Norway’s hydro powered bitcoin mining operations have increased by 25% in the past year, driven by low energy costs and favorable regulations.
- Canada’s hydroelectric power plants generate over 60% of the country’s electricity, making it an ideal location for sustainable bitcoin mining operations.
As the world shifts towards more sustainable practices, green bitcoin mining has become a major focus for the cryptocurrency industry, with the renewable share of bitcoin mining crossing 50% for the first time, driven by countries like Iceland and El Salvador that are leading the charge in green bitcoin mining, using geothermal power to fuel their operations, a trend that is expected to continue as the industry moves towards more environmentally friendly practices, with green bitcoin mining at the forefront.
Introduction to Green Bitcoin Mining
Green bitcoin mining refers to the practice of using renewable energy sources to power bitcoin mining operations, reducing the industry’s carbon footprint and reliance on fossil fuels.
This approach has gained significant attention in recent years, as concerns about climate change and environmental sustainability continue to grow.
Countries with an abundance of renewable energy sources, such as Iceland and El Salvador, have become attractive locations for green bitcoin mining operations.
Geothermal Power in Iceland and El Salvador
Iceland’s unique geology makes it an ideal location for geothermal power generation, with over 90% of the country’s energy coming from geothermal sources.
El Salvador has also invested heavily in geothermal energy, with the La Geo geothermal plant providing enough power to support 1.2 exahash of bitcoin mining.
Both countries offer a stable and reliable source of renewable energy, making them attractive locations for green bitcoin mining operations, with the focus keyword green bitcoin mining being a key driver of this trend.
Hydro Powered Mining in Norway and Canada
Norway’s hydroelectric power plants generate over 95% of the country’s electricity, making it an ideal location for sustainable bitcoin mining operations.
Canada’s hydroelectric power plants generate over 60% of the country’s electricity, with many bitcoin mining operations taking advantage of the country’s abundant hydro resources.
Both countries offer a reliable and renewable source of energy, with hydro power being a key component of their green bitcoin mining operations.
The Cambridge Bitcoin Electricity Consumption Index 2026 Data
The Cambridge Bitcoin Electricity Consumption Index 2026 data shows that bitcoin’s renewable energy mix has reached 52.6%, with green bitcoin mining operations playing a significant role in this trend.
The data also highlights the importance of countries like Iceland and El Salvador in driving the adoption of renewable energy sources in the bitcoin mining industry.
As the industry continues to shift towards more sustainable practices, the focus on green bitcoin mining is expected to continue, with the Cambridge data providing a key benchmark for the industry’s progress.
Conclusion and Future Outlook
The future of bitcoin mining looks set to be dominated by green bitcoin mining, with countries like Iceland and El Salvador leading the charge.
As the industry continues to evolve, it is likely that we will see more countries investing in renewable energy sources and sustainable bitcoin mining practices.
With the renewable share of bitcoin mining crossing 50% for the first time, it is clear that green bitcoin mining is here to stay, and will play a key role in shaping the future of the cryptocurrency industry.
The TCB View
TCB believes that the shift towards green bitcoin mining is a bullish trend for the cryptocurrency industry, with countries like Iceland and El Salvador providing a model for sustainable bitcoin mining practices.
We see the adoption of renewable energy sources as a key driver of this trend, with hydro and geothermal power being particularly well suited to bitcoin mining operations.
Those who invest in green bitcoin mining operations are likely to reap significant rewards, while those who fail to adapt to the changing landscape may be left behind.
Watch for the continued growth of green bitcoin mining in countries like Norway and Canada, with a key trigger being the development of new hydroelectric power plants and geothermal energy sources.
TCB will be closely monitoring the Cambridge Bitcoin Electricity Consumption Index data, looking for signs of continued growth in the renewable energy mix of the bitcoin mining industry, with a target of 60% renewable energy by 2028.
