A new paper challenges the belief that Bitcoin mining worsens energy consumption issues.

The paper suggests Bitcoin miners can help grid stability through demand response programs.

Over 50% of Bitcoin's energy usage now comes from clean energy sources.

Miners have seen record-high revenue due to the recent surge in cryptocurrency prices.

A study from Cornell University suggests profitable mining of Bitcoin could occur during periods of excess electricity generation from solar and wind energy.

Texas, California, Colorado, and Nevada show potential for profitable crypto mining operations.

The researchers recommend policies that incentivize clean energy mining and reinvesting mining profits in infrastructure development.

The study shows that Bitcoin mining can support renewable energy development and climate action.