Cryptocurrency miners scored an early win against a mandatory survey that the Department of Energy (DOE) demanded facilities answer concerning their energy use.
The U.S. District Court for the Western District of Texas Friday granted a temporary restraining order that blocks the DOE for two weeks from forcing cryptocurrency mining companies to provide information they say is sensitive to their operations and costly to collect.
Cryptocurrency miners have become a target in President Joe Biden’s goal of building an electricity grid that produces no carbon dioxide emissions by 2035.
“Depending on the energy intensity of the technology and the sources of electricity used, the rapid growth of crypto-assets could potentially hinder broader efforts to achieve U.S. climate commitments to reach net-zero carbon pollution,” the White House said in a 2022 statement.
Electricity demand across the world is growing, and renewable energy can’t keep up with the increases. According to the International Energy Agency, countries are utilizing fossil fuel generation to meet the increased demand.
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