Power demands

The International Energy Agency (IEA) anticipates substantial increases in energy consumption from crypto mining and artificial intelligence (AI) in the coming years, with projections suggesting a more than 30% surge by 2026.

The IEA’s Electricity 2024 report outlines the expected growth in energy usage through 2026, highlighting that power generation, including for crypto mining purposes, remains a major contributor to carbon emissions but is leading the transition to net-zero emissions.

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