Macquarie: Bitcoin mining helps support the stability of local power grids

TechFlow news — On November 29, according to Matthew Sigel, Head of Digital Asset Research at VanEck, Macquarie, an Australian financial giant managing $870 billion in assets, stated that Bitcoin mining helps support the stability of local power grids. Macquarie noted that by flexibly adjusting electricity demand, Bitcoin mining can absorb surplus power when grid pressure is low and reduce consumption during peak periods, thereby optimizing energy usage and supporting the integration of renewable energy.