Crypto mining and data centres are projected to consume 3.5% of global power by 2027. This rapid growth in energy consumption is driven by the increasing demand for cryptocurrencies and the need for more powerful data processing capabilities.
As more people invest in cryptocurrencies like Bitcoin and Ethereum, the demand for mining these digital assets continues to rise. This, in turn, requires more energy-intensive mining operations to secure and verify transactions on the blockchain.
Data centres, which support a wide range of online services and applications, are also contributing to the increasing energy consumption. These facilities require large amounts of power to run servers, cooling systems, and other infrastructure needed to store and process data.
The combined energy consumption of crypto mining and data centres is expected to reach 3.5% of global power by 2027. This growth highlights the need for more efficient and sustainable energy solutions to support the expanding digital economy.