Crypto, Data Centers, and Climate

FedSoc Forums

In January 2024, the U.S. Energy Information Administration (EIA) initiated an “emergency collection” of information about the electricity consumption of leading cryptocurrency mining companies operating in the United States. EIA’s Administrator declared the agency’s intent to analyze and report on the energy implications of cryptocurrency mining activities in the United States. This followed reports by leading environmental groups that have claim that, as an extremely energy-intensive process, cryptocurrency mining threatens the ability of governments across the globe to reduce dependence on fossil fuels, declaring, “If we do not take action to limit this growing industry now, we will not meet the goals set forth by the Paris Agreement and the Intergovernmental Panel on Climate Change to limit warming to 2 degrees Celsius.”
In response to the EIA’s action, several leaders of the crypto community filed suit, swiftly securing a preliminary injunction of EIA’s “emergency” action. This panel will discuss the litigation to date, the growth of crypto, Bitcoin mining, and the impact its data centers may be having on electric demand and the environment. What might EIA have planned in the future? What are states already doing? And are there implications for the burgeoning datacenter demands anticipated by the growth of Artificial Intelligence (AI)?
Featuring:
Thomas Cmar, Senior Attorney of the Clean Energy Program, Earthjustice
Ewelina Czapla, Director of Energy Policy, Chamber of Digital Commerce, Digital Power Network
Kara Rollins, Litigation Counsel, New Civil Liberties Alliance
Moderator: Jonathan Brightbill, Former Acting Assistant Attorney General, United States Department of Justice; Partner, Winston & Strawn LLP
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