Bitcoin mining can play a crucial role in decarbonizing energy markets by strategically locating operations near renewable energy sources, according to Daniel Roberts, co-founder and co-CEO of Bitcoin mining firm Iris Energy. By utilizing idle renewable assets and providing support to the energy grid, Bitcoin mining can help balance the supply and demand of renewable power. Roberts explained that wind and solar projects in remote locations generate renewable energy certificates that can be monetized, but with no immediate local demand, leading to idle assets. He added that Bitcoin mining can quickly adapt to price changes and provide a responsive solution for grid management. Iris Energy focuses on using 100% renewable energy and only enters markets where its energy consumption solves problems in the energy market. The company aims to build future-proof data centers optimized for Bitcoin mining and high power-density applications like generative AI.