The increasing demand for energy driven by advancements in artificial intelligence (AI) and cloud computing presents significant challenges to the pursuit of climate goals worldwide. As industries evolve, the thirst for electricity has surged, significantly impacting the environment and raising concerns among policymakers and environmentalists alike. The rapid growth of AI and the expansion of […]
German Firms Test Bitcoin Mining to Balance Renewable Energy
In a groundbreaking initiative, Deutsche Telekom’s subsidiary, MMS, and Bankhaus Metzler have launched a pilot project aimed at utilizing surplus renewable energy for Bitcoin mining. This innovative approach not only aims to stabilize Germany’s energy grid but also broadens the horizons of blockchain technology’s applications beyond just financial transactions. The pilot project is hosted by […]