Update
Italy Strikes EU Deal on Energy Bills: What It Could Mean for Bitcoin Miners?
Italy and the European Commission have reached a deal to cushion households and businesses from high energy costs. The Energy Bills Decree, Decree-Law 21/2022, aims to limit how far rising gas prices feed into electricity bills without giving Italian firms an unfair advantage in the single market. However, the statement does not mention specific energy-heavy industries like data centers or crypto. For Bitcoin miners, the question is whether the relief will reach their electricity meters and if it would be enough to matter. Italian wholesale power averaged about €0.21 per kWh between September 10 and October 9, and a single bitcoin mining machine consumes about 684,000 kWh per month.