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From Barrels to Bytes: Measuring the Massive Energy Footprint of the AI Revolution

Newswire.ca - Wed Jun 24, 7:00AM CDT

FN Media Group Presents Oilprice.com Market Commentary

NEW YORK, June 24, 2026 /CNW/ -- Back in 2017, we did the math to figure out how much oil it takes to mine a single Bitcoin. The answer then was about 20 barrels of oil equivalent per coin. Today it's closer to 500.   Companies mentioned in today's commentary includes:  Bitzero Holdings Inc.  (AIBZ), Amazon.com, Inc. (NASDAQ: AMZN), Alphabet Inc. (NASDAQ: GOOGL), GE Vernova Inc. (NYSE: GEV), CoreWeave, Inc. (NASDAQ: CRWV), Vistra Corp. (NYSE: VST).

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