The Kizelovskaya State District Power Plant at the Gubakhinsky Coke and Chemical Works. Russian businessman Alexei Kolesnik bought the Kizelovskaya State District Power Plant to create a data center and a bitcoin mining farm in 2018. Maxim KimerlingTASS via Getty Images

As bitcoin sores, the matrix of computers that run its software now uses as much energy as Sweden.

Rising value incentivizes bitcoin “miners” to compete with each to discover new tokens.

“I don’t think the bitcoin industry is doing itself any favors by refusing even to accept that bitcoin’s energy use is a problem.”

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As bitcoin surges to unprecedented value, the sprawling matrix of computers around the world that run its software is now consuming as much energy a year as Sweden,

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