US TO COLLECT CRYPTO MINER ENERGY USE DATA FOLLOWING 'EMERGENCY' REQUEST CITING BITCOIN'S PRICE RISE AS EVIDENCE

Summary from the TLDR Crypto newsletter

The US Energy Information Administration will reportedly start surveying American cryptocurrency mining companies' electricity usage. Approved by the Office of Management and Budget, this "emergency" data collection is driven by concerns over rising Bitcoin prices and the potential strain of crypto mining on electricity systems. Despite some disagreement in the industry over the perceived urgency, the EIA aims to analyze how energy demand for crypto mining is changing and its impact on the electric power market.