RE: Forbes article26 Mar 2026 10:09
Additional commentary from Sachin Oza on LinkedIn, for those who don't have access the post is below.
"KryptoByte was featured in Forbes this week. I want to use the moment to make an investment point that goes beyond the coverage itself.
The article, written by energy consultant Dianne Plummer, references data from the 2025 Cambridge Digital Mining Industry Report: approximately 52.4% of Bitcoin mining electricity now comes from sustainable sources — up from 37.6% in 2022. Natural gas has become the largest single fossil fuel source, while coal's share has declined significantly.
That shift has a direct implication for how investors should think about mining economics.
Coal-powered mining is cheap at the point of generation but increasingly exposed to regulatory and reputational risk. Grid-dependent natural gas mining carries market-rate electricity costs — currently punishing in a high-price environment. But natural gas at a stranded wellhead, with no pipeline and no alternative buyer, sits outside the market entirely. Its cost is not determined by NBP or TTF. It's determined by the economics of the individual contract.
That's a structurally different risk profile. And it's why the energy-sourcing question is, in my view, the most important single variable in assessing any mining operation's durability.
The Forbes piece describes KryptoByte's model accurately: on-site generation from stranded UK gas, powering computing infrastructure at the wellhead. The long-term vision includes high-performance computing and AI data centres as the demand profile for off-grid energy grows.
The energy mix behind Bitcoin mining is maturing. The operators who locked in structural cost advantages early will be the ones best positioned when that maturity translates into institutional capital flows."
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