Elon Musk said in 2021 that Tesla (NASDAQ:TSLA) would accept Bitcoin payments once miners were using roughly 50% clean energy sources “with positive future trend” — a benchmark that may have recently been met.
In a Sept. 14 thread on X (formerly Twitter), Bloomberg analyst Jamie Coutts reported the percentage of Bitcoin (BTC) mining energy coming from renewable sources had exceeded 50% with “falling emissions plus a dramatically rising hash rate.” According to Coutts, the push toward renewable energy sources was the result of miners dispersing from China in the wake of the country’s mining ban starting in 2021, as well as certain nations turning to mining to “monetize stranded and excess energy.”