Bitcoin mining is the next big energy industry, says Kadena exec

**Bitcoin Miners of the Future: Evolving into Energy Giants**

Bitcoin miners are poised to transform into full-scale energy companies over the next decade, according to Evan Owens, VP of Business Development at Kadena. He predicts that while Bitcoin mining will remain a part of their operations, the larger focus will shift to revolutionizing energy infrastructure and supporting power generation in underserved regions.

### **Rethinking Proof-of-Work for Sustainability**

Kadena, a layer-1 blockchain built by former J.P. Morgan developers, has designed a more energy-efficient proof-of-work (PoW) system. Its Chainweb architecture enables multiple PoW chains to run in parallel, distributing transactions across networks without compromising security. Owens highlights that Kadena’s mining process consumes significantly less energy than traditional Bitcoin mining, showcasing how PoW can be optimized for sustainability.

### **Bitcoin Mining and the Energy Grid**

Innovations in mining are already reshaping the energy sector. Owens points to Crusoe Energy, a startup that captures flared natural gas—an otherwise wasted byproduct of oil extraction—to power Bitcoin mining operations. This model exemplifies how miners can repurpose excess energy, positioning themselves as integral to renewable and decentralized power systems.

Far from being a drain on resources, Bitcoin miners could play a vital role in stabilizing energy grids and repurposing surplus energy, potentially redefining the industry’s impact on global energy infrastructure.