President Biden's White House issued a research report on the energy use of bitcoin.

Here are surprising facts they found 👇🧵

White House says, "A mining operation might construct a dedicated solar energy farm with or without energy storage, or might install onsite generators using stranded natural gas"

Bitcoin helps build solar farms.

White House says, "Bitcoin miners can participate in utility and grid operator programs that pay major electricity users to decrease consumption during times of peak grid stress, or to balance supply and demand"

Bitcoin helps balances the energy grid.

White House says, "Crypto-Asset Mining Can Be Powered by Stranded Methane and Renewables"

"In 2021, venting and flaring methane emitted the equivalent of 400 million metric tons of CO2, representing about 0.7% of global GHG emissions...because of the high cost of pipelines"

White House says, "Crypto-asset mining operations that capture vented methane to produce electricity can yield positive results for the climate"

"...more likely to help U.S. climate objectives"

White House says, "Using curtailed electricity can provide additional revenue to renewables developers and incentivize the construction of additional renewable energy capacity."

Bitcoin helps make renewables profitable.