Macquarie: Bitcoin mining contributes to the stability of local power grids

On November 29, according to Matthew Sigel, the head of digital asset research at VanEck, Macquarie, an Australian financial giant with assets under management reaching $870 billion USD, stated that Bitcoin mining helps support the stability of local power grids. Macquarie pointed out that by flexibly adjusting power demand, Bitcoin mining can absorb excess electricity when grid pressure is low and reduce power consumption during peak periods. This optimizes energy use and supports the integration of renewable energy.