Bitcoin mining* often makes headlines because of the large quantity of electricity the process consumes. But there are opportunities for it to support the energy transition. We have identified two key short-term opportunities for bitcoin mining in the US: first, as a highly predictable and scalable demand response asset; and second, to provide additional demand for cheap, under-utilised electricity generated by independent power producers and utilities. 1. Bitcoin for demand response Bitcoin is not a battery In both a recent article published by Nick Grossman at Union Square Ventures and an investor letter from Aker, ... (full story)