Bitcoin Miners Harness Green Energy as Global Compute Surges

Compute Power Overtakes Oil: Global Surge in Data Center and AI Infrastructure Investment

  • Global investment in computing infrastructure, such as Artificial Intelligence (AI) and data centers, is hitting record highs in 2024.
  • U.S. data center construction spending reached $40 billion in June, rising 30% year-over-year according to Bank of America.
  • National governments are actively investing in compute power as a strategic asset, with examples including the U.S. acquiring a $8.9 billion equity stake in Intel and the UK funding supercomputers.
  • Bitcoin mining operations, such as those run by Hive Digital Technologies, depend on compute power and are emphasizing sustainable, renewable energy use.
  • Surveys show 95% of top investors plan to raise their exposure to data center investments, highlighting compute’s growing importance across industries.

Computing capacity is becoming a major global asset, driving investment and strategic decisions worldwide. Recent data shows that spending on U.S. data center construction reached $40 billion in June, marking a 30% increase from the same period last year, according to Bank of America. Major governments and companies are treating computing power as a key resource for the digital economy.

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Hive Digital Technologies recently announced surpassing 20 exahash per second in Bitcoin mining capacity. This growth means the company contributes about 2% of the Bitcoin network, generating roughly nine new bitcoins daily. The company reports an efficiency of 18 joules per terahash.

National governments are also making moves to secure computing power. U.S. officials have taken a $8.9 billion equity stake in Intel. The UK’s government has pledged billions to support supercomputer development. Defense budgets in several countries are increasing their focus on AI-powered technologies, including drones and satellites.

In the case of Bitcoin, the network operates by converting energy into digital scarcity through mining—a process that requires vast amounts of computing power. Hive Digital Technologies states that integrating renewable hydroelectric energy helps achieve both efficiency and sustainability, which is a priority for today’s investors.

A recent survey cited by the article highlights growing investor confidence in data center assets. According to the CBRE 2025 Global Data Center Investor Intentions Survey, 95% of major investors plan to increase data center investments this year. This trend points to computing power emerging as a defining commodity for the digital economy, on par with traditional assets like oil and Gold.

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