Cryptocurrencies will be bridge to 100% renewable energy, says expert

"At some point, bitcoin mining will be seen as a useful tool and will become part of countries' infrastructure," said CEO of Foundry Digital.

RIO DE JANEIRO, BRAZIL - Mike Colyer, CEO of Foundry Digital, the cryptocurrency mining subsidiary of Digital Currency Group, said that bitcoin mining could eventually help the world transition to fully sustainable energy production.

Speaking at the Crypto Mining Forum event, Colyer said he believes that once large energy companies perceive the economic benefits of mining cryptocurrencies like bitcoin, it could lead to a restructuring of capital and operations.

Calling bitcoin mining "a great stabilizer" for . . .

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