The data is unequivocal: Bitcoin mining is the way to make renewable projects that would otherwise need subsidies viable.
A new paper recently found that pairing large-scale solar PV with Bitcoin mining
* transforms a standalone solar project with a10-year payback, ~5% IRR into a highly profitable venture with 2–5 year payback and 33% IRR
* reduces ~10,457 tons of CO₂ avoided emissions per annum
The study was done on a 10 MW Solar Farm and supports the earlier findings of Hakimi et al that Bitcoin mining reduces the ROI from 8.1yrs to 3.5yrs while reducing CO2 emissions by 50,000 tonnes/year on a 50MW solar farm (source:
cell.com/heliyon/fulltext/S2…)
The recent paper "Techno-economic Assessments of Large-Scale Solar PV and Bitcoin Mining" (Keshavarzfard & Zinati Yazdi 2025) was published in Solar Energy.
Source:
sciencedirect.com/science/ar…
The journal has an impact factor of 6.6 (top 6% of academic journals)