The newly established Digital Power Network (DPN) now represents over 50% of the US Bitcoin hash rate. The DPN's primary aim is to influence energy policies and advocate for Bitcoin and blockchain technologies.

It is affiliated with the Chamber of Digital Commerce, featuring several top Chamber clients among its members.

Rooted in the Chamber's Mining Initiative, which initiated the first pro-proof-of-work resolution in the US House of Representatives, the DPN comprises 11 major industry players, including Argo, BitFarms, and Cipher Mining.

Collectively, these entities control more than half of the US Bitcoin hash rate. The DPN's mission centers on serving as a policy advocate for digital asset mining and shaping the future of energy policy, leveraging Bitcoin and blockchain technology to transform energy markets.

However, challenges begin to arise, including a congressional bill resubmitted in March, calling for an Environmental Protection Agency probe into crypto miners.

Additionally, President Biden's FY2024 budget proposed a 30% tax on electricity used by crypto miners, which remains under consideration.