
Hydropower has overtaken natural gas as the biggest energy source for Bitcoin (CRYPTO:BTC) mining, according to a new industry report.
The report said Bitcoin mining power use has climbed 38% over the past year as more companies expand their operations.
Hydropower now supplies the largest share of electricity used by Bitcoin miners, while natural gas has moved into second place.
The change reflects a wider shift towards renewable energy as mining companies look for lower-cost and cleaner power.
The report also found that Bitcoin mining continues to grow despite higher energy demand and changing market conditions.
The latest figures suggest miners are focusing on reliable energy sources as competition across the industry increases.
At the time of reporting, Bitcoin price was $65,080.85.